No Consignment Clause Samples

The No Consignment clause establishes that goods delivered under the agreement are not provided on a consignment basis, meaning ownership and risk transfer to the buyer upon delivery rather than remaining with the seller until the goods are sold. In practice, this means the buyer is responsible for payment and any associated risks as soon as the goods are received, regardless of whether they have been resold or used. This clause ensures clear allocation of ownership and risk, preventing disputes over responsibility for the goods and clarifying the financial obligations of the buyer.