This consignment agreement (this “Agreement”) is made effective (Date)_________________________________ between (Consignor’s full name)________________________________________________, (“Consignor”), and L.O.V.E. Consignment, of 1225 Military Road Suite B, Benton, AR, 72015 (“Consignee”).
 
The parties agrees as follows:

I.    Right to Sell.  Consignor agrees to deliver to Consignee items for sale on consignment as described in your email with your list of items.  Consignor owns items.  In accordance to this agreement, the Consignor, grants Consignee an exclusive right to sell the items under the terms of this agreement.  Consignee agrees to devote its best efforts to the sale of the items.  
II.    Consignment Terms.  The consignment period will begin on Start Date that is listed on Items List Document and concludes 150 days later (End Date).  Consignor can retrieve unsold items within 10 days after the End Date.  Consignor can have items donated to charity.
III.    Pricing and Sale.  All sale prices and terms of sale shall be determined by Consignee.  Price drops could start on items after 60 days starting with 10% off and increasing every 30 days.
IV.    Payment.  The sale proceeds will be split with 40% going to Consignor and 60% retained by Consignee.  Payments to Consignor will be made by the 5th of each month for items sold during the previous month.
V.    Loss or Damage.  Consignee shall not be responsible for loss or damage to items except in the case of negligence
VI.    Return of Unsold Items.  Unsold items not retrieved by Consignor within the period stated above will become the property of Consignee and may be donated, destroyed, or otherwise disposed of at Consignee’s discretion
VII.    Web Access.  The Consignor has the option to view their daily sales from the Consignee’s web application.  The Consignor will need to provide the following on the web application.  There will be a $2/month fee to use this application.

• (a.) Full Name

• (b.) E-mail Address

• (c.) Banking information

VIII.    Governing Law.  This agreement is governed by the laws of the State of Arkansas.
IX.    Entire Agreement.  This agreement contains all terms agreed upon by the parties and supersedes all other agreements, understandings, and communications between parties.

Both parties acknowledge understanding and agreement with the terms set forth herein:
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Date: _________________________________________
Consignor’s Signature: ___________________________________________________________     
Printed Name (First, Middle Initial, Last) : ___________________________________________
Address : ________________________________________________________________________
Phone Number:  __________________________________________________________________
Birthday (MM/DD/YY): _____________________________________________________________
Email Address : ___________________________________________________________________
Consignee’s Signature: _______________________________     Date: _____________________
Printed Name: ____________________________________________________________________