What should I look for in a consignment agreement before I sign?
Asked by sitecontributor|Consignments
Answer
BidBuySmart
A good consignment agreement should clearly state the split, the length of the consignment period, the markdown schedule, how and when you will be paid, and what happens to unsold items. It should also explain any fees, such as account setup or pickup charges.
Look for language about responsibility if items are lost, stolen, or damaged while in the shop. Policies vary, and some shops limit their liability, so ask questions if this matters to you. Also check whether the shop can donate items you do not pick up, and how long you have to retrieve them.
Keep a copy of the agreement along with a list or photos of the items you consigned. If anything seems unclear, ask before signing rather than after.
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