Can an extension be signed electronically?

Yes. Electronic signatures are generally enforceable under the federal ESIGN Act (15 U.S.C. ch. 96) and UETA where adopted, provided the parties demonstrate intent, consent, attribution, and retention. Ensure any consumer disclosures required by ESIGN are presented for consumer-facing transactions.

Is notarization required for validity?

Most consignment agreement extensions do not require notarization to be valid. However, if the original agreement required notarization or a state-specific law applies, obtain a notary or follow Remote Online Notarization procedures where recognized.

Who must sign the extension?

An authorized representative of each party must sign; print the signer’s name and title. If signing on behalf of a company, ensure corporate authority or delegation is documented to avoid later challenges.

How should inventory changes be recorded?

Document SKU, serial numbers, and quantities in the extension or attached exhibit. Update inventory and accounting systems immediately after execution to align physical stock with contract terms.

Can terms other than the term itself be changed?

Yes. Extensions commonly adjust commission rates, pricing, insurance, and return terms. Keep changes specific and avoid contradicting non-amended clauses in the original agreement.

How long should I keep the signed extension?

Retain the executed extension with the original contract for the full term plus at least 3 years; follow industry-specific rules such as HIPAA (6 years) or longer state retention requirements where applicable.

Electronic Signature
Templates
Miscellaneous
Consignment Agreement Extension

Consignment Agreement Extension

This template is fully customizable. Edit the text, fill out the fields, and send it for signature. Give it a try!

Consignment Agreement Extension

This Consignment Agreement Extension (the "Extension") is entered into effective as of by and between Consignor Name: and Consignee Name: .

Recitals

WHEREAS, the parties entered into a Consignment Agreement dated (the "Original Agreement"), under which Consignor delivered certain goods to Consignee on consignment; and

WHEREAS, the parties wish to extend and modify certain terms of the Original Agreement as set forth in this Extension to continue consignment sales on the terms and conditions described herein.

WHEREAS, capitalized terms used but not defined in this Extension have the meanings given to them in the Original Agreement.

Scope of Consigned Goods and Services

Description of Consigned Goods and Additional Services Inventory or Item List (if applicable)

Payment Terms

Consignee shall pay Consignor for all sales of consigned goods as follows. Commission to Consignor: (percent of gross sale price). Minimum accepted sale price (reserve) per item, if any: .

Payment Schedule

Payments due to Consignor will be remitted by Consignee by electronic transfer or check based on the schedule above. All payments shall include an itemized statement showing gross proceeds, commissions, fees, and any applicable deductions.

Late Payment Fee

Term and Termination

The term of this Extension shall commence on and shall expire on unless earlier terminated in accordance with this Extension.

Notice Period for Termination

Either party may terminate this Extension for material breach by the other party if such breach is not cured within the notice period specified above. Upon termination, Consignee shall return all unsold consigned goods to Consignor at Consignee's expense unless otherwise agreed in writing.

Care, Insurance and Risk of Loss

Consignee shall exercise reasonable care in the storage, handling and display of consigned goods and shall maintain insurance covering damage and loss while goods are in Consignee's possession for a value equal to the replacement cost of the goods or the agreed consignment value. Evidence of insurance shall be made available to Consignor upon request.

Confidentiality

Each party shall maintain in confidence all non-public business and financial information disclosed by the other party in connection with the Original Agreement or this Extension, including but not limited to customer lists, pricing, inventory valuations and sales data. Confidential information shall not be used except to perform obligations under this Extension and shall not be disclosed to third parties except as required by law or with the prior written consent of the disclosing party.

Representations and Warranties

Each party represents and warrants that it has full power and authority to enter into this Extension, that execution and delivery of this Extension has been duly authorized, and that this Extension constitutes a valid and binding obligation enforceable in accordance with its terms.

Governing Law

This Extension shall be governed by and construed in accordance with the laws of the State of , without regard to its conflict of law principles. The parties submit to the exclusive jurisdiction of the state and federal courts located in that State for any dispute arising out of or relating to this Extension.

Entire Agreement; Amendment

Except as expressly amended by this Extension, the Original Agreement remains in full force and effect. This Extension, together with the Original Agreement, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral. Any amendment to this Extension must be in writing and signed by both parties.

Notices

All notices under this Extension shall be in writing and delivered to the addresses below by hand, nationally recognized overnight courier, or certified mail (return receipt requested). Notice is effective upon receipt.

Consignor Mailing Address Consignee Mailing Address

Additional Provisions

Special Terms or Modifications

If any provision of this Extension is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect. The parties agree to negotiate in good faith to replace any invalid provision with a valid provision that carries out the parties' intent.

Consignor:

By:

Date:

Consignee:

By:

Date:

What the Consignment Agreement Extension Is

A Consignment Agreement Extension is a written amendment that lengthens or modifies an existing consignment contract between a consignor (owner of goods) and a consignee (retailer, dealer, or agent). It restates the items or categories covered, adjusts the term or termination date, confirms commission or fee changes, and preserves the original agreement's essential terms while documenting consent to continued consignment. When properly executed by authorized signers and retained with the original contract, an extension prevents ambiguity about rights, inventory ownership, and payment obligations during the extended term.

Why an Extension Matters for Ongoing Consignments

A clear extension preserves the parties' expectations, avoids disputes over whether the original contract still governs, and documents changes to term, pricing, or responsibilities. It provides evidence of mutual consent and can be integrated into inventory and payment workflows for auditability.

Who Typically Prepares and Signs an Extension

Common parties and intermediaries prepare and sign consignment agreement extensions when inventory or sales terms need to change.

Consignors (retailers, artists, manufacturers) who want to extend placement of goods with updated terms.
Consignees (stores, galleries, online marketplaces) that need to confirm continued sale and commission arrangements.
Third-party managers or logistics providers acting under written authority for inventory control and reporting.

Each signer should confirm authority to bind the party and follow any notarization or witness rules required by local law or the original agreement.

Representative Signers and Their Roles

Consignor — Owner

An individual or business that retains title to goods until sale; typically verifies inventory, sets reserve prices, and signs to authorize continued consignment or altered commission terms. The consignor should be the legal owner or have written authority from the owner.

Consignee — Seller

A retail business, gallery, or marketplace that displays and sells consigned goods; responsible for reporting sales, remitting commissions, and maintaining insurance per the agreement. An authorized officer or manager should sign for the consignee.

Essential Elements to Include in an Extension

A professional Consignment Agreement Extension is concise but precise. Include identifiers and specific amendments so the extension integrates with the original contract and supports enforcement and accounting.

Reference Original

Identify the original agreement by title, effective date, and parties so the extension is unambiguous and legally linked to the base contract.

Scope of Goods

List items, SKUs, serial numbers, or categories covered by the extension to avoid inventory disputes and ensure accurate reporting.

Extended Term

Specify precise start and end dates (MM/DD/YYYY) for the extension and any auto-renewal or early-termination conditions.

Compensation Change

Document commission rates, fees, payment timing, and allocations for returns, discounts, or promotional pricing during the extended term.

Insurance and Risk

Confirm any required insurance, liability allocation, and who bears loss, theft, or damage for consigned items while on consignee premises.

Signatures & Authority

Include signature blocks for authorized representatives, with printed names, titles, dates, and any witness or notary blocks required by law or the original agreement.

Step-by-Step: Completing and Executing an Extension

Follow a clear sequence from drafting to execution to ensure the extension is enforceable and operational in inventory systems.

01

Draft Amendment: Prepare clear, limited changes to the original agreement.
02

Review Terms: Confirm inventory, pricing, and payment adjustments with accounting and legal advisors.
03

Obtain Signatures: Collect authorized signatures and witness or notary acknowledgements if required.
04

Distribute Copies: Provide signed copies to all parties and record in inventory and accounting systems.

How Electronic Execution Fits the Workflow

Electronic completion speeds sign-off while preserving an audit trail; follow authentication and retention practices to meet legal and internal controls.

Upload Document: Import the extension as PDF or DOCX into your signing platform.
Place Fields: Add signature, date, and initial fields where needed.
Send to Parties: Deliver via email or secure link for signer authentication.
Archive Records: Save signed copies and the audit trail for compliance.

Configuring an eSigning Workflow for an Extension

Set up authentication, reminders, and storage so the extension is visible to accounting and legal teams after signing.

Field	Configuration
Signer Authentication	Email plus optional SMS code
Expiration	Set link expiry (e.g., 30 days)
Automated Reminders	Enable 3 reminder emails at set intervals
Document Storage	Save signed PDF + audit trail to secure repository

Platform and Format Considerations

Choose a platform that supports common document formats, audit trails, and integration with your storage and accounting systems.

Integrations: Salesforce, NetSuite, Google Workspace
File Types: PDF, DOCX, XLSX
Security: TLS in transit; AES-256 at rest

Ensure the selected solution provides a complete certificate of completion, role-based access, and retention controls so signed extensions remain discoverable for audits and disputes.

Common eSignature Options for Executing Extensions

Compare basic vendor differences when choosing an eSignature provider for executing and storing Consignment Agreement Extensions; signNow appears first in the vendor list below.

	signNow	DocuSign	Adobe Sign	PandaDoc	HelloSign
Starting Price	$8/user/mo	$15/user/mo	$14/user/mo	$19/user/mo	$15/user/mo
Free Trial	7-day free trial, no credit card	Varies by vendor	Varies by vendor	Varies by vendor	Varies by vendor
Bulk Send	Yes	Yes	Yes	Yes	No
Audit Trail	Yes	Yes	Yes	Yes	Yes
HIPAA Compliant	Yes	Yes	Yes	No	No

Security and Compliance Basics for Signed Extensions

Encryption in Transit: TLS 1.2/1.3

Encryption at Rest: AES-256

Certifications: SOC 2 Type II, ISO 27001

Privacy Laws: CCPA and GDPR controls

Esign Compliance: ESIGN and UETA adherence

Healthcare: HIPAA support with BAA

Key Risks and Potential Consequences

Breach Damages: Monetary damages and legal fees

Invalid Signature: Extension may be unenforceable

Incorrect Reporting: Backup withholding 24% risk

Notary Omission: Challenges to authenticity

Inventory Loss: Financial liability for missing goods

Privacy Exposure: Potential regulatory penalties

Common Preparation Errors to Avoid

Leaving the extension vague about which inventory items are covered, causing reconciliation disputes during audits and returns.
Failing to match party names and titles exactly to the original agreement, which can create enforceability challenges.
Omitting clear payment timing or commission calculations, producing disagreements over remittances and accounting entries.
Not recording the extension in inventory and accounting systems, which increases the risk of lost items or misapplied sales.

Typical Timing and Notice Expectations

Extensions affect notice windows, reporting cycles, and payment schedules; set deadlines clearly to avoid missed obligations.

Effective Date:

Specify MM/DD/YYYY when the extension begins

Extension Notice:

Provide written notice at least 30 days prior when required

Inventory Reporting:

Confirm reporting frequency (weekly, monthly) for sales reconciliation

Commission Payment:

State payment cycle (e.g., net 30 days after sale)

Record Retention Start:

Retention begins on execution date of the extension

Frequently Asked Questions About Consignment Agreement Extensions

Answers to common execution, enforceability, and recordkeeping questions for extensions; use this as a practical reference during preparation and signing.

Need help? Contact support

Can an extension be signed electronically?
Yes. Electronic signatures are generally enforceable under the federal ESIGN Act (15 U.S.C. ch. 96) and UETA where adopted, provided the parties demonstrate intent, consent, attribution, and retention. Ensure any consumer disclosures required by ESIGN are presented for consumer-facing transactions.
Is notarization required for validity?
Most consignment agreement extensions do not require notarization to be valid. However, if the original agreement required notarization or a state-specific law applies, obtain a notary or follow Remote Online Notarization procedures where recognized.
Who must sign the extension?
An authorized representative of each party must sign; print the signer’s name and title. If signing on behalf of a company, ensure corporate authority or delegation is documented to avoid later challenges.
How should inventory changes be recorded?
Document SKU, serial numbers, and quantities in the extension or attached exhibit. Update inventory and accounting systems immediately after execution to align physical stock with contract terms.
Can terms other than the term itself be changed?
Yes. Extensions commonly adjust commission rates, pricing, insurance, and return terms. Keep changes specific and avoid contradicting non-amended clauses in the original agreement.
How long should I keep the signed extension?
Retain the executed extension with the original contract for the full term plus at least 3 years; follow industry-specific rules such as HIPAA (6 years) or longer state retention requirements where applicable.

be ready to get more

Join over 28 million airSlate SignNow users

Sign Now