Contract for Sale of Book on Consignment
Consignment agreement made on the ___________________ (date) , between
_________________________ (Name of Consignor) of ______________________________
____________________________________ (street address, city, county, state, zip code) ,
referred to herein as Consignor , and __________________________ (Name of Consignee) ,
a corporation organized and existing under the laws of the state of ________________, with its
principal office located at ________________________________________________________
____________________ (street address, city, county, state, zip code) , referred to herein as
Consignee .
Whereas, Consignor has written an Book entitled ___________________________
(Name of Book) , hereinafter called Book; and
Whereas, Consignor owns all right, title to and interest in the copyright and all other
intellectual property rights to Book; and
Whereas, Consignor desires for Consignee to sell the Book pursuant to the terms of this
Consignment Agreement; and
Whereas, Consignee desires to sell the Book pursuant to the terms of this Consignment
Agreement;
Now, therefore, for and in consideration of the mutual covenants contained in this
agreement, and other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties agree as follows:
1. Exclusive Appointment
Consignee shall have the exclusive right to sell and distribute Consignor 's merchandise
throughout ___________________________________________________________________
(description of territory) during the term of this Agreement.
2. Delivery of Merchandise
Consignor shall deliver to Consignee , within _______ (number) days after receipt by
Consignor of written orders from Consignee , such quantities of the Book as Consignee shall
require for sale. The products shall be delivered to and shall be held for sale at Consignee 's
place of business at ____________________________________________________________
________________ (street address, city, county, state, zip code) . Consignor shall pay all
freight and shipping charges. Consignee shall be responsible for any loss of or damage to
merchandise while it is under Consignee 's control.
3. Sale of Book
Consignee shall use its best efforts in the sale and distribution of Consignor's Book at
Consignee 's place of business described above. All sales made by Consignee shall be for cash.
Credit sales may be made by Consignee on written authority of Consignor.
4. Accounting and Payment
No later than the ________________ (ordinal number) day of each month, Consignee
shall furnish Consignor with a monthly statement itemizing all sales transactions during the
preceding month involving Consignor 's Book and providing an inventory of such product as of
the close of such month. With the monthly statement, Consignee shall remit to Consignor all
money received by Consignee from the sale of said Book. As soon as practicable after the
________________ (ordinal number) day of each month, Consignor shall render a written
statement to Consignee , showing sales during the preceding month, and shall remit to
Consignee net commissions for such sales in accordance with the commission schedule set
forth in Exhibit A attached and incorporated by reference.
Consignee shall reimburse Consignor for all shortages of stock at retail price less Consignee 's
commission.
5. Title to Merchandise
Title to the Book consigned to Consignee by Consignor shall remain in Consignor until
such product is sold by Consignee in the regular course of business, except that Consignee
shall be responsible for all shortages of stock, and shall bear the risk of loss to the extent
provided in Section 2 of this Agreement.
6. Return of Merchandise
Consignee may at any time return to Consignor any of Consignor 's Books in
Consignee 's possession that have not been sold. Consignee shall pay the expense of delivery
of such returned merchandise.
7. Operation of Business
Consignor shall have no responsibility or liability whatsoever in connection with the
management and operation of Consignee 's business. Consignee shall have entire charge of
such management and operation, shall furnish all equipment and vehicles, and shall hire and
pay the wages of all assistants and employees required for the operation of Consignee 's
business. Consignor reserves no supervision or control over Consignee in the facilities,
employees and methods to be used and employed by Consignee in carrying out the purposes of
this Agreement, and shall in no event be responsible for negligence of Consignee or
Consignee 's employees.
8. Employee Benefit Payments
Consignee accepts full and exclusive liability for the payment of any and all premiums,
contributions, and taxes for workers' compensation insurance, unemployment insurance and for
old age pensions, annuities, and retirement benefits (including, but not limited to, Social
Security), now or in the future imposed by or pursuant to federal and state laws, which are
measured by the wages, salaries, or other remuneration paid to persons employed by
Consignee in connection with the performance of this Agreement, and shall enter into any
Agreement that has been or may in the future be prescribed by any federal or state
governmental body or authority in order to effectuate the above-mentioned purposes.
Consignee also agrees to indemnify Consignor against any liability for such premiums, taxes, or
contributions respecting Consignee 's employees that may be assessed against Consignor .
9. Termination
This agreement may be terminated by either party on _______ (number) days' written
notice to the other. The proper accounting and payment between the parties shall be made
________ (number) days after the date set for termination and on such date Consignee shall
deliver to Consignor all of Consignor 's products in the possession of Consignee . The expense
of delivery of such merchandise shall be paid by the party terminating this Agreement.
10. Severability
The invalidity of any portion of this Agreement will not and shall not be deemed to affect
the validity of any other provision. If any provision of this Agreement is held to be invalid, the
parties agree that the remaining provisions shall be deemed to be in full force and effect as if
they had been executed by both parties subsequent to the expungement of the invalid provision.
11. No Waiver
The failure of either party to this Agreement to insist upon the performance of any of the
terms and conditions of this Agreement, or the waiver of any breach of any of the terms and
conditions of this Agreement, shall not be construed as subsequently waiving any such terms
and conditions, but the same shall continue and remain in full force and effect as if no such
forbearance or waiver had occurred.
12. Governing Law
This Agreement shall be governed by, construed, and enforced in accordance with the
laws of the State of _______________.
13. Notices
Any notice provided for or concerning this Agreement shall be in writing and shall be
deemed sufficiently given when sent by certified or registered mail if sent to the respective
address of each party as set forth at the beginning of this Agreement.
14. Mandatory Arbitration
Any dispute under this Agreement shall be required to be resolved by binding arbitration
of the parties hereto. If the parties cannot agree on an arbitrator, each party shall select one
arbitrator and both arbitrators shall then select a third. The third arbitrator so selected shall
arbitrate said dispute. The arbitration shall be governed by the rules of the American Arbitration
Association then in force and effect.
15. Entire Agreement
This Agreement shall constitute the entire agreement between the parties and any prior
understanding or representation of any kind preceding the date of this Agreement shall not be
binding upon either party except to the extent incorporated in this Agreement.
16. Modification of Agreement
Any modification of this Agreement or additional obligation assumed by either party in
connection with this Agreement shall be binding only if placed in writing and signed by each
party or an authorized representative of each party.
17. Assignment of Rights
The rights of each party under this Agreement are personal to that party and may not be
assigned or transferred to any other person, firm, corporation, or other entity without the prior,
express, and written consent of the other party.
18. In this contract, any reference to a party includes that party's heirs, executors,
administrators, successors and assigns, singular includes plural and masculine includes
feminine.
WITNESS our signatures as of the day and date first above stated.
__________________________
(Name of Consignee)
________________________ By:_________________________
(P rinted name) _________________________
________________________ (P rinted name & Office in Corporation)
(Signature of Consignor) _________________________
(Signature of Officer)
(Attach commission schedule)
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