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CONSIGNMENT AGREEMENT
This Consignment Agreement (the “Agreement”)
states the terms and conditions that govern
the contractual agreement between
......................................................................,
located at .......................................................
.......................................................................
.......................................................................
.......................................................................
(the “Consignor”)
And
Riaan Keyser, located at 10 Fechters Mews,
Pieter street, Brackenfell, 7560
(the “Consignee”)
who agree to be bound by this Agreement.
WHEREAS, the Consignor owns right and title to the items described on Exhibit A attached hereto
(the “Consigned Items”), and the Consignee desires to take possession of the Consigned Items with
the intention of selling it to a third party.
NOW, THEREFORE, in consideration of the mutual covenants and promises made by the parties
hereto, the Consignor and the Consignee (individually, each a “Party” and collectively, the “Parties”)
covenant and agree as follows:
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1. RIGHT TO SELL.
The Consigner hereby grants to the Consignee the exclusive right to display and sell the
Consigned Items according to the terms and conditions of this Agreement.
2. MINIMUM PRICE.
The minimum price at which the Consignee may sell the Consigned Items shall be described
on Exhibit A attached hereto
(the “Minimum Price”). The minimum price will be listed in South
Africa Rand (“R”). In the event the Consignee sells the Consigned Items for less than the
Minimum Price, the Consignor shall be entitled to the same payment the Consignor would
receive as its share of the sale price under this Agreement had the Consigned Items been
sold for the Minimum Amount.
3. CONSIGNMENT FEE.
The Consignee shall be entitled the difference between the Consignor’s minimum selling
price and the full purchase price of the Consigned Items (the “Consignment Fee”).
1. Within 7 days from the sale of the Consigned Items, the Consignee shall deliver to
the Consignor the sale price of the Consigned Items less the Consignment Fee.
4. INSURANCE.
The Consignee represents and warrants that the Consignee shall maintain insurance
coverage sufficient to compensate the Consignor for the fair market value of the Consigned
Items in the event of damage due to fire, theft, or otherwise.
5. LOCATION OF ITEMS.
The Consignee agrees and acknowledges that the Consigned Items shall only be kept and
stored at 10 Fechters Mews, Pieter street, Brackenfell, 7560 unless otherwise agreed upon
by the Consignor in writing.
6. TIMEFRAME.
In the event that all the Consigned Items are not sold by __________________ all unsold
Consigned Items shall be returned to the Consignor with all delivery costs borne by the
Consignee.
7. CONSIGNOR REPRESENTATION.
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The Consignor hereby represents and warrants that the Consigner holds full title (or has
received, in writing, the authorization to sell the Consigned Items by any necessary parties)
to the Consigned Items.
8. EXPENSES.
The Consignee shall bear all expenses for shipping the Consigned Items.
9. NO MODIFICATION UNLESS IN WRITING.
No modification of this Agreement shall be valid unless in writing and agreed upon by both
Parties.
10. APPLICABLE LAW.
This Agreement and the interpretation of its terms shall be governed by and construed in
accordance with the laws of South Africa and subject to the exclusive jurisdiction of the
federal and provincial courts located in South Africa.
IN WITNESS WHEREOF, each of the Parties has executed this Contract, both Parties by its
duly authorized officer, as of the day and year set forth below.
___________________________________________ __________________
[CONSIGNOR. First Name] [CONSIGNOR. Last Name] Signature
___________________________________________ __________________
[CONSIGNEE. First Name] [CONSIGNEE. Last Name] Signature
__________________
[Date]
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Exhibit A
Minimum Price Excluding Consignment Fee
Description
Serial Number
Minimum Price
R
R
R
R
R
R
R
R
R
R
R
R
R
R
R
R
R
R
R
R
