How to Write an Online Consignment Contract
As an owner of an online consignment business, you will want to draw up a contract in order to set an agreement between you and your clients. With a consignment business, you will take ownership of another person's items and sell them online on her behalf. In order to protect yourself from liability, you will want the contract signed by the client prior to selling her items.
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Instructions
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State the terms of the arrangement. For instance, if you make a 35 percent commission, the contract should state something like "Sixty five percent of the selling price of each item shall be paid to the client." Include information about any other fees that the client may be subjected to, such as listing fees or final sale fees.
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List your services. After stating your rates in the contract, you should include your services, such as ad creation and photography, for each item that you will sell through your online consignment business.
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Include a liability clause. The liability clause for your online consignment business will state that your company is not responsible for the loss or destruction of any item.
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State the payment arrangements within your online consignment business contract. A sample would be, "Payments are issued within 2 weeks of the date of sale by check or Paypal account."
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Write your return policy on your consignment contract. Let the client know if it is the company's or the client's responsibility to arrange for return of goods that have not been sold. Let them know the length of the consignment agreement as well within this section of the contract.
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Include an area at the bottom of the online consignment contract to allow for signatures from the client and a representative of the consignment company.
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