Consignment Aggreement

This Agreement (the “Agreement”) is entered into by and between The Aspenite LLC, with their principal location at 212 6th Street, Glenwood Springs, Colorado (the “Consignment Store”) and [Consigner], with their addresses located at [Address] (the “Consigner”).

WHEREAS, the Consigner wishes to consign certain clothing items with the Consignment Store, and the Consignment Store is willing to accept such clothing items; 

NOW, THEREFORE, in consideration of the promises, representations, warranties, and agreements set forth herein and intending to be legally bound, the parties agree as  

1. Description of the Clothing Items. The Consigner shall provide the Consignment Store with [list any clothing items or other items included in the consignment].

2. Commission and Payment. The Consignment Store shall pay the Consigner a commission of fifty percent (50%) of the proceeds from the sale of each item. The Consignment Store shall retain the remaining proceeds as payment for their services. The Consignment Store shall pay the commission to the Consigner within [time period] after the item has been sold.

3. Term. The Term of this Agreement shall commence on the date first written above and will remain in effect until all the items listed in Section 1 have been sold or after 90 days, whichever comes first.

4. Discounting of  The Aspenite LLC may discount items over a 90 day period. After the 90 day period, the item shall become the property of The Aspenite LLC or be donated to Charity.

5. Termination. Either party may terminate this Agreement at any time upon providing written notice to the other party.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

[Signatures of both Parties]