Consignment Agreement Template: Free

This Consignment Agreement is made on 3 November 2026 between Kala Handloom Studio (the "Consignor") and The Craft Store (the "Consignee").

1. Goods. The Consignor delivers to the Consignee, for sale on its behalf, the following goods: 120 handmade cotton cushion covers and 40 table runners, as listed in the attached inventory with item codes and retail prices (the "Goods").

2. Ownership. The Goods remain the property of the Consignor until sold to a customer. The Consignee may not pledge them or use them as security.

3. Price. The Consignee will sell the Goods at the retail prices in the inventory; discounts above 10% only with the Consignor's written consent.

4. Commission. The Consignee keeps a commission of 30% of the sale price of each item sold, and pays the balance to the Consignor by the 10th of each month for the previous month's sales, by bank transfer, with a statement of the items sold.

5. Risk. The Consignee insures the Goods against fire and theft while they are in its shop.

6. Term and unsold goods. This agreement runs for 6 months. Returned to the Consignor at the end of the term, at the Consignee's cost. Either party may end it earlier with 30 days' written notice.

7. Records. The Consignee keeps a record of the Goods received, sold and in stock, and lets the Consignor check it on reasonable notice.

8. Law. This agreement is governed by the laws of India, with courts at Pune having jurisdiction.