Consignment Form Template

Must Ask Consignment Questions

1. Who is the legal owner of the items, and what are their contact and payout details?

   This confirms you have authority to sell and ensures payments go to the right person or business. Collect full name, business name, address, email, tax ID, and preferred payout method to avoid delays.

2. What are the item details and condition, including model or serial numbers and quantity?

   Specifics like make, model, size, grade, serial number, and quantity prevent mix-ups and support accurate pricing. Align descriptions with the Equipment inventory form to keep identifiers consistent.

3. How will pricing work, and what is the lowest acceptable price?

   Defining list price, a pricing formula, and the minimum you can accept gives you clear room to negotiate. It reduces back-and-forth and protects margins while still moving stock.

4. What commission, fees, and deductions apply, and how will you pay out?

   Spelling out commission, fees, chargebacks, and deductions sets the true cost to sell. Add payout timing and method so partners know when and how they get paid.

5. What are the start and end dates, and what happens to unsold or withdrawn items?

   Start and end dates set expectations for how long items stay in your store and when you can markdown or pull them. Return and pickup rules prevent storage issues and disputes over unsold goods.