When it comes to selling handmade crafts, consignment can be a great way to get your products in front of customers without the cost and risk of renting a booth or store. But before you start consigning your items, it`s important to have a solid contract in place to protect yourself and your business. Here`s a sample craft consignment contract to get you started.
Introduction
This agreement is made on [date] between [consignor name], hereafter referred to as the Consignor, and [consignee name], hereafter referred to as the Consignee. The Consignor agrees to consign their handmade crafts to the Consignee for sale in their [store/booth] located at [address]. This agreement shall remain in effect for [length of time].
Product
The Consignor agrees to provide the Consignee with [number] of handmade crafts for sale on consignment. The Consignee reserves the right to reject any items that do not meet their specified standards.
Pricing and Payment
The Consignee agrees to sell the Consignor`s items at a price of [price]. The Consignee will retain [percentage] of the sale price and pay the Consignor [percentage] of the sale price. Payment will be made [weekly/monthly/other specified time frame] and will be accompanied by a summary of items sold.
Duration
This agreement shall remain in effect for [length of time]. If either party wishes to terminate the agreement prior to the expiration date, they must provide [notice period] days` written notice.
Inspection and Maintenance
The Consignee agrees to inspect and maintain the items in their care to the best of their ability. The Consignor understands that wear and tear may occur during the consignment period, but the Consignee will take reasonable steps to maintain the items and notify the Consignor of any significant damage or loss.
Risk of Loss
The risk of loss or damage to the item shall remain with the Consignor until such time as the item is sold. The Consignee is responsible for any loss or damage that occurs while the item is in their possession.
Taxes
The Consignor is responsible for any applicable taxes related to the sale of their items. The Consignee will provide necessary tax documentation as required by law.
Conclusion
This sample craft consignment contract provides a framework for protecting both the Consignor and Consignee in a consignment arrangement. It is important to review and modify this contract to reflect the specific needs of your business. By having a clear agreement in place, you can build a successful consignment partnership and grow your handmade craft business.