A consignment agreement template means one person dispatch the goods to other person for selling these goods to general public against a described remuneration and the format which is used to prepare is called Consignment Agreement Template. In consignment, one party agree to sell the goods on the instruction of the owner of goods up to contract price. If he sale the goods more than the actual price than percentage of the profit also mentioned in contract. Ownership remains with the sender of goods but possession transfer to other. If some parts of goods remained unsold, than goods is transfer to owner of goods. If goods loss by theft or destroy than liability of both parties define in contract.
There are two parts of a consignment agreement, the consignor and consignee. The consignee is someone who buys goods from the consignor at already agreed price and finds a buyer to sell those goods to. Prior to consignee discovering a buyer ownership of the goods remain with the consignor. The consignee sells those goods at a higher price than agreed upon with the consignor.
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