A consignment agreement template is a contract between a consignee and consignor for the storage, transfer, sale or resale and use of the commodity. According to the agreement, the consignor retains ownership of the goods until they are sold, but the current possession of these commodities will remain with the consignee in order to sell them. The consignee will get his or her commission, either a fixed or variable percentage from the sale of commodities. Similarly, the consignee will return the commodities to the consignor if not sold within a given time. The consignment agreement clearly states the terms following which the consignee will sell certain or specific commodities, products or inventories followed by an agreed percentage of sale as commission. As far as the purpose of this agreement is concerned, it allows a consignee to sell consigner’s goods without paying indirect expenses, like transportation costs, storage and packing costs. This way, both the consignee and the consigner benefit from this transaction. How a Consignment Agreement Works? To sell commodities at a certain percentage of the sale, a consignee needs legal protection which only a consignment agreement can provide. Similarly, the consigner will also look for protection for his or