Consignment_Agreement - Consignment Agreement By signature...

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Consignment Agreement By signature below, I hereby agree to consign my personal item(s) with ReNew Family Consignment Inc. for a minimum of 90 days. I understand that ReNew Family Consignment Inc. establishes the original selling price of each item consigned based on a standard formula it applies to the products it accepts. I also understand that the store periodically runs sales to attract customers and to move merchandise and that discounts may be offered over the course of the 90 day term. ReNew Family Consignment agrees to pay me 40% of the selling price, payable on a bi-monthly basis for items sold at least 14 days prior when I have at least $50 in my account. I understand that ReNew will issue proceeds from the sale of my items on or about the 15th of the month in February, April, June, August, October, and December. I understand that there will be a small administrative fee for each check issued. Consignor proceeds are also available immediately once items sell in the form of store credit. After ninety (90) days in inventory, I understand that I have the option of retrieving (within 10 days of the 90-day
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This note was uploaded on 01/11/2012 for the course ECON 101 taught by Professor Smith during the Spring '11 term at North Country Community College.

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