A Vendor Consignment Agreement is a contract between two parties, the vendor and the consignee, detailing their respective rights and responsibilities when engaging in a consignment sale. It outlines who is responsible for storing and delivering the merchandise, who has ownership of it, how proceeds will be divided, payment terms and any other relevant information. The agreement ensures that both parties understand the arrangement and provide legal recourse if one side fails to uphold their end of the bargain. Through a Vendor Consignment Agreement, vendors have the confidence in knowing that their goods will be safely stored and sold, while consignees can trust that they’ll be properly compensated for their efforts.