Common use of Right to Sell Clause in Contracts

Right to Sell. The Consignor hereby grants to the Consignee the exclusive right to display and sell the Consigned Items according to the terms and conditions of this Agreement. The Consigned Items are as follows:[Item 1 and description][Item 2 and description]MINIMUM PRICE. The minimum price at which the Consignee may sell the Consigned Items shall be [Amount] (the “Minimum Price”). In the event the Consignee sells the Consigned Items for less than the Minimum Price, the Consignor shall be entitled to the same payment the Consignor would receive as its share of the sale price under this Agreement, had the Consigned Items been sold for the Minimum Amount. Always set a minimum price in the Consignment Agreement at which the Consigned Items may be sold. This pricing gives the Consignee a baseline with which to work. This also allows the Consignee to sell the Consigned Items for less than that stated minimum, with the condition that the Consignor will still receive the minimum amount it expects in payment. CONSIGNMENT FEE. The Consignee shall be entitled to Percentage of the full purchase price of the Consigned Items (the “Consignment Fee”).Within [NUMBER] of days from the sale of the Consigned Items, the Consignee shall deliver to the Consignor the sale price of the Consigned Items less the Consignment Xxx.XXXXXXXXX. The Consignee represents and warrants that the Consignee shall maintain insurance coverage sufficient to compensate the Consignor for the fair market value of the Consigned Items in the event of damage due to fire, theft, or otherwise. It is standard practice that the Consignor have the peace of mind that, if the items they are agreeing to grant to the Consignee are damaged or lost, the Consignor will be protected. It’s easy to adjust the contract to name the fair market value of the consigned items for added security. LOCATION OF ITEMS. The Consignee agrees and acknowledges that the Consigned Items shall only be kept and stored at [Address] unless otherwise agreed upon by the Consignor in writing.TIMEFRAME. In the event that all the Consigned Items are not sold by [Date], all unsold Consigned Items shall be returned to the Consignor with all delivery costs borne by the Consignee. Even the best consignment sale will often have leftover merchandise. This clause ensures that the Consignee will return all unsold goods to the Consignor after a certain number of days. Consignment stores are less likely to include this clause, since retail stores have room to store unsold items.

Right to Sell. The Consignor hereby grants to the Consignee the exclusive right to display and sell the Consigned Items according to the terms and conditions of this Agreement. The Consigned Items are as follows:[Item 1 and description][Item 2 and description]MINIMUM PRICE. The minimum price at which the Consignee may sell the Consigned Items shall be [Amount] (the “Minimum Price”). In the event the Consignee sells the Consigned Items for less than the Minimum Price, the Consignor shall be entitled to the same payment the Consignor would receive as its share of the sale price under this Agreement, had the Consigned Items been sold for the Minimum Amount. Always set a minimum price in the Consignment Agreement at which the Consigned Items may be sold. This pricing gives the Consignee a baseline with which to work. This also allows the Consignee to sell the Consigned Items for less than that stated minimum, with the condition that the Consignor will still receive the minimum amount it expects in payment. CONSIGNMENT FEE. The Consignee shall be entitled to Percentage of the full purchase price of the Consigned Items (the “Consignment Fee”).Within [NUMBER] of days from the sale of the Consigned Items, the Consignee shall deliver to the Consignor the sale price of the Consigned Items less the Consignment Xxx.XXXXXXXXX. The Consignee represents and warrants that the Consignee shall maintain insurance coverage sufficient to compensate the Consignor for the fair market value of the Consigned Items in the event of damage due to fire, theft, or otherwise. It is standard practice that the Consignor have the peace of mind that, if the items they are agreeing to grant to the Consignee are damaged or lost, the Consignor will be protected. It’s easy to adjust the contract to name the fair market value of the consigned items for added security. LOCATION OF ITEMS. The Consignee agrees and acknowledges that the Consigned Items shall only be kept and stored at [Address] unless otherwise agreed upon by the Consignor in writing.TIMEFRAME. In the event that all the Consigned Items are not sold by [Date], all unsold Consigned Items shall be returned to the Consignor with all delivery costs borne by the Consignee. Even the best consignment sale will often have leftover merchandise. This clause ensures that the Consignee will return all unsold goods to the Consignor after a certain number of days. Consignment stores Plain English, our business understanding and thorough care help you to write the perfect document for your business.This agreement has been drawn to provide an armoury of ideas. You can be tough or tender.Selected contentsSetting up the agreementWarranties by merchantAppointment of distributorLiaisonConsignment stock managementCompliance and regulationDelivery and transportationPrice and purchase procedurePayment termsFees for additional servicesStock loss and damageReturns and products defective or not as orderedRight to return stock to merchantMarketing arrangementsStock recordsProducts recallDistributor's reportsDisclaimers and limitation of liabilityCompliance and regulationMutual indemnitiesAssignment and change of controlConfidential informationIntellectual propertyDuration and terminationOther important legal provisionsOptions for three schedules you will probably need A “distribution agreement” could cover a wide range of possible marketing arrangements. It is likely that you will find exactly the provisions you want, but you will also have to delete those options you do not want.The distributor is responsible for all aspects of compliance with local law, whether relating to the product, the customer, importation or duties and taxes.We have covered product recall, minimum sales requirement, how you want the whole subject of marketing to be approached and how the merchant will report to you. We have provided a “joined up” procedure taking in order > acceptance > delivery > risk > title > payment > returns, and so on.There are less likely over 200 provisions in the document supported by over 3000 words of notes, including those supplied in a separate document. Plain English, our business understanding and thorough care help you to write the perfect document for your business.This agreement has been drawn to provide an armoury of ideas. You can be tough or tender.Selected contentsSetting up the agreementWarranties by merchantAppointment of distributorLiaisonConsignment stock managementCompliance and regulationDelivery and transportationPrice and purchase procedurePayment termsFees for additional servicesStock loss and damageReturns and products defective or not as orderedRight to return stock to merchantMarketing arrangementsStock recordsProducts recallDistributor's reportsDisclaimers and limitation of liabilityCompliance and regulationMutual indemnitiesAssignment and change of controlConfidential informationIntellectual propertyDuration and terminationOther important legal provisionsOptions for three schedules you will probably need A “distribution agreement” could cover a wide range of possible marketing arrangements. These documents cover many angles. We include many options to cover the elements of your deal that are important to you, and allow you to add any industry-related terms or special compliance you want the other side to follow.These agreements can be used for any business selling goods of any type at home or abroad.Favourable to one party, acceptable to bothThe first point you should consider is who is setting the terms.Each document has been drawn to favour one particular party. However, it will not help your long term relationship if you ride roughshod over your business partner. So every document takes some account of what the other side will want.Generally, it is the producer or owner who sets the terms of what he wants from the distributor, but this clausecan change as the distributor becomes more powerful. Our consignment and distribution agreement has been drawn for a large, since retail stores modern distributor whose marketing strength and reach justify terms of which a smaller distributor can only dream.A final contract or a basis for negotiation of heads of termsWhether you are the distributor or the merchant, there will be many areas where you would like the other of you to do things your way. As a result, there will be a lot to negotiate. By setting everything down in a document like one of these, before you start to talk, you have room a head start and the agenda is yours.Each of these is a comprehensive agreement, but as always with Net Lawman documents, you can reduce it easily to store unsold itemsthe exact terms you need.Relevant law in these documentsThe law relating to these agreements is largely common law, not statute law. That means you have great freedom to make your own deal.If the distributor operates outside of South Africa, there may be additional local laws with which he must comply. This document assumes that the distributor will take responsibility for all aspects of compliance with local law, whether relating to the product, the customer, importation or duties and taxes.Particular terms coveredThe documents provide the following terms.setting up the agreementobligations of each partycompliance and regulationproduct recallminimum sale requirementsdistributor's marketing obligationsdistributor's liaison and reportsthe price, orders and acceptancedelivery and transportationpayment terms, including payment on running credit account and payment by letter of creditrisk and retention of titleproducts defective or not as orderedwarranty and service policydisclaimers and limitation of liabilitymutual indemnitiesassignment and change of control of businessconfidential informationintellectual propertyduration and terminationwarranties by one or both sidesliaison arrangements - is there a single source of communication the parties can rely on?consignment stock management - if appropriatecompliance and regulationfees for additional servicesstock loss and damagespecially agreed promotions and marketing arrangementsstock records Create professiinal proposals in no time and increase your productivity with our Proposal Software.

Right to Sell. The Consignor hereby grants to the Consignee the exclusive right to display and sell the Consigned Items according to the terms and conditions of this Agreement. The Consigned Items are as follows:[Item 1 and description][Item 2 and description]MINIMUM PRICE. The minimum price at which the Consignee may sell the Consigned Items shall be [Amount] (the “Minimum Price”). In the event the Consignee sells the Consigned Items for less than the Minimum Price, the Consignor shall be entitled to the same payment the Consignor would receive as its share of the sale price under this Agreement, had the Consigned Items been sold for the Minimum Amount. Always set a minimum price in the Consignment Agreement at which the Consigned Items may be sold. This pricing gives the Consignee a baseline with which to work. This also allows the Consignee to sell the Consigned Items for less than that stated minimum, with the condition that the Consignor will still receive the minimum amount it expects in payment. CONSIGNMENT FEE. The Consignee shall be entitled to Percentage of the full purchase price of the Consigned Items (the “Consignment Fee”).Within [NUMBER] of days from the sale of the Consigned Items, the Consignee shall deliver to the Consignor the sale price of the Consigned Items less the Consignment Xxx.XXXXXXXXX. The Consignee represents and warrants that the Consignee shall maintain insurance coverage sufficient to compensate the Consignor for the fair market value of the Consigned Items in the event of damage due to fire, theft, or otherwise. It is standard practice that the Consignor have the peace of mind that, if the items they are agreeing to grant to the Consignee are damaged or lost, the Consignor will be protected. It’s easy to adjust the contract to name the fair market value of the consigned items for added security. LOCATION OF ITEMS. The Consignee agrees and acknowledges that the Consigned Items shall only be kept and stored at [Address] unless otherwise agreed upon by the Consignor in writing.TIMEFRAME. In the event that all the Consigned Items are not sold by [Date], all unsold Consigned Items shall be returned to the Consignor with all delivery costs borne by the Consignee. Even the best consignment sale will often have leftover merchandise. This clause ensures that the Consignee will return all unsold goods to the Consignor after a certain number of days. Consignment stores are less likely to include this clause, since retail stores have room to store unsold items.

Right to Sell. The Consignor hereby grants to the Consignee the exclusive right to display and sell the Consigned Items according to the terms and conditions of this Agreement. The Consigned Items are as follows:[Item 1 and description][Item 2 and description]MINIMUM PRICE. The minimum price at which the Consignee may sell the Consigned Items shall be [Amount] (the “Minimum Price”). In the event the Consignee sells the Consigned Items for less than the Minimum Price, the Consignor shall be entitled to the same payment the Consignor would receive as its share of the sale price under this Agreement, had the Consigned Items been sold for the Minimum Amount. Always set a minimum price in the Consignment Agreement at which the Consigned Items may be sold. This pricing gives the Consignee a baseline with which to work. This also allows the Consignee to sell the Consigned Items for less than that stated minimum, with the condition that the Consignor will still receive the minimum amount it expects in payment. CONSIGNMENT FEE. The Consignee shall be entitled to Percentage of the full purchase price of the Consigned Items (the “Consignment Fee”).Within [NUMBER] of days from the sale of the Consigned Items, the Consignee shall deliver to the Consignor the sale price of the Consigned Items less the Consignment Xxx.XXXXXXXXX. The Consignee represents and warrants that the Consignee shall maintain insurance coverage sufficient to compensate the Consignor for the fair market value of the Consigned Items in the event of damage due to fire, theft, or otherwise. It What is standard practice that the Consignor have the peace of mind that, if the items they are agreeing to grant to the Consignee are damaged or lost, the Consignor will be protected. It’s easy to adjust the contract to name the fair market value of the consigned items for added security. LOCATION OF ITEMS. The Consignee agrees and acknowledges that the Consigned Items shall only be kept and stored at [Address] unless otherwise agreed upon by the Consignor in writing.TIMEFRAME. In the event that all the Consigned Items are not sold by [Date], all unsold Consigned Items shall be returned to the Consignor with all delivery costs borne by the Consignee. Even the best a consignment sale will often have leftover merchandise. This clause ensures that the Consignee will return all unsold goods to the Consignor after a certain number of days. Consignment stores are less likely to include this clause, since retail stores have room to store unsold items.agreement?

Right to Sell. The Consignor hereby grants to the Consignee the exclusive right to display and sell the Consigned Items according to the terms and conditions of this Agreement. The Consigned Items are as follows:[Item 1 and description][Item 2 and description]MINIMUM PRICE. The minimum price at which the Consignee may sell the Consigned Items shall be [Amount] (the “Minimum Price”). In the event the Consignee sells the Consigned Items for less than the Minimum Price, the Consignor shall be entitled to the same payment the Consignor would receive as its share of the sale price under this Agreement, had the Consigned Items been sold for the Minimum Amount. Always set a minimum price in the Consignment Agreement at which the Consigned Items may be sold. This pricing gives the Consignee a baseline with which to work. This also allows the Consignee to sell the Consigned Items for less than that stated minimum, with the condition that the Consignor will still receive the minimum amount it expects in payment. CONSIGNMENT FEE. The Consignee shall be entitled to Percentage of the full purchase price of the Consigned Items (the “Consignment Fee”).Within [NUMBER] of days from the sale of the Consigned Items, the Consignee shall deliver to the Consignor the sale price of the Consigned Items less the Consignment Xxx.XXXXXXXXX. The Consignee represents and warrants that the Consignee shall maintain insurance coverage sufficient to compensate the Consignor for the fair market value of the Consigned Items in the event of damage due to fire, theft, or otherwise. It is standard practice that the Consignor have the peace of mind that, if the items they are agreeing to grant to the Consignee are damaged or lost, the Consignor will be protected. It’s easy to adjust the contract to name the fair market value of the consigned items for added security. LOCATION OF ITEMS. The Consignee agrees and acknowledges that the Consigned Items shall only be kept and stored at [Address] unless otherwise agreed upon by the Consignor in writing.TIMEFRAME. In the event that all the Consigned Items are not sold by [Date], all unsold Consigned Items shall be returned to the Consignor with all delivery costs borne by the Consignee. Even the best consignment sale will often have leftover merchandise. This clause ensures that the Consignee will return all unsold goods to the Consignor after a certain number of days. Consignment stores are less likely to include this clause, since retail stores have room to store unsold items.

Right to Sell. The Consignor hereby grants to the Consignee the exclusive right to display and sell the Consigned Items according to the terms and conditions of this Agreement. The Consigned Items are as follows:[Item 1 and description][Item 2 and description]MINIMUM PRICE. The Consigned Items are as follows:[Item 1 and description][Item 2 and description]MINIMUM PRICE. The minimum price at which the Consignee may sell the Consigned Items shall be [Amount] (the “Minimum Price”). In the event the Consignee sells the Consigned Items for less than the Minimum Price, the Consignor shall be entitled to the same payment the Consignor would receive as its share of the sale price under this Agreement, had the Consigned Items been sold for the Minimum Amount. Always set a minimum price in the Consignment Agreement at which the Consigned Items may be sold. This pricing gives the Consignee a baseline with which to work. This also allows the Consignee to sell the Consigned Items for less than that stated minimum, with the condition that the Consignor will still receive the minimum amount it expects in payment. CONSIGNMENT FEE. The Consignee shall be entitled to Percentage of the full purchase price of the Consigned Items (the “Consignment Fee”).Within [NUMBER] of days from the sale of the Consigned Items, the Consignee shall deliver to the Consignor the sale price of the Consigned Items less the Consignment Xxx.XXXXXXXXX. The Consignee represents and warrants that the Consignee shall maintain insurance coverage sufficient to compensate the Consignor for the fair market value of the Consigned Items in the event of damage due to fire, theft, or otherwise. It is standard practice that the Consignor have the peace of mind that, if the items they are agreeing to grant to the Consignee are damaged or lost, the Consignor will be protected. It’s easy to adjust the contract to name the fair market value of the consigned items for added security. LOCATION OF ITEMS. The Consignee agrees and acknowledges that the Consigned Items shall only be kept and stored at [Address] unless otherwise agreed upon by the Consignor in writing.TIMEFRAME. In the event that all the Consigned Items are not sold by [Date], all unsold Consigned Items shall be returned to the Consignor with all delivery costs borne by the Consignee. Even the best consignment sale will often have leftover merchandise. This clause ensures that the Consignee will return all unsold goods to the Consignor after a certain number of days. Consignment stores are less likely to include this clause, since retail stores have room to store unsold items.

Right to Sell. The Consignor hereby grants to the Consignee the exclusive right to display and sell the Consigned Items according Subject to the terms and conditions of this Agreement. The Consigned Items are as follows:[Item 1 , at any time during the period beginning on the date of a Triggering Event and description][Item 2 and description]MINIMUM PRICE. The minimum price at which ending on the Consignee may sell date that is twenty (20) days thereafter (such period, the Consigned Items “Put Notice Period”), the Stockholders holding a majority of the Applicable Shares shall be [Amount] have the right (the “Minimum PricePut Right”), but not the obligation, to cause the Company to take all actions necessary in order to be able to repurchase at the Purchase Price (as defined in Section 2 of this Agreement) all or a portion of the Applicable Shares held by each Stockholder at the time of the Company’s receipt of a Put Exercise Notice (as defined in Section 2 of this Agreement) to the extent necessary such that such Stockholder shall receive an amount of cash from such repurchase equal to the lesser of (i) a Stockholder’s Tax Liabilities and (ii) the aggregate value based on the Purchase Price of such Stockholder’s Applicable Shares held at the time of the Company’s receipt of the Put Exercise Notice, in each case less the proceeds received by the Stockholder upon any sale of such Stockholder’s Applicable Shares prior to the Applicable Shares Closing Date; provided, however, that the amount of Applicable Shares that a Stockholder may require the Company to take actions in order to be able to repurchase pursuant to this Section 1(a) shall not exceed the amount of such Stockholder’s Applicable Shares equal in aggregate value, based on the Purchase Price, to the amount of the Stockholder’s Tax Liabilities with respect to such Stockholder’s Applicable Shares held at the time of the Company’s receipt of the Put Exercise Notice. In The Stockholders shall have the right to exercise the Put Right only one time; in the event the Consignee sells Stockholders exercise the Consigned Items for Put Right to cause the Company to take all actions necessary in order to be able to purchase only a portion of the Applicable Shares, the Stockholders will be deemed to have waived their rights under this Agreement with respect to the remaining portion of the Applicable Shares and shall not have the right to subsequently exercise the Put Right to cause the Company to purchase any additional Ordinary Shares. In no event shall Stockholders be entitled to exercise the Put Right with respect to a number of Ordinary Shares that exceeds the Applicable Shares. In no event shall the Company be liable for, or have any obligation to any Stockholder in respect of, Tax Liabilities that exceed the aggregate Purchase Price with respect to such Stockholder’s Applicable Shares that may become payable pursuant to this Section 1(a) to such Stockholder, notwithstanding that such aggregate Purchase Price with respect to such Stockholder’s Applicable Shares may be less than the Minimum Price, the Consignor shall be entitled to the same payment the Consignor would receive as its share amount of the sale price under this Agreement, had the Consigned Items been sold for the Minimum Amount. Always set a minimum price in the Consignment Agreement at which the Consigned Items may be sold. This pricing gives the Consignee a baseline with which to work. This also allows the Consignee to sell the Consigned Items for less than that stated minimum, with the condition that the Consignor will still receive the minimum amount it expects in payment. CONSIGNMENT FEE. The Consignee shall be entitled to Percentage of the full purchase price of the Consigned Items (the “Consignment Fee”).Within [NUMBER] of days from the sale of the Consigned Items, the Consignee shall deliver to the Consignor the sale price of the Consigned Items less the Consignment Xxxsuch Stockholder’s Tax Liabilities.XXXXXXXXX. The Consignee represents and warrants that the Consignee shall maintain insurance coverage sufficient to compensate the Consignor for the fair market value of the Consigned Items in the event of damage due to fire, theft, or otherwise. It is standard practice that the Consignor have the peace of mind that, if the items they are agreeing to grant to the Consignee are damaged or lost, the Consignor will be protected. It’s easy to adjust the contract to name the fair market value of the consigned items for added security. LOCATION OF ITEMS. The Consignee agrees and acknowledges that the Consigned Items shall only be kept and stored at [Address] unless otherwise agreed upon by the Consignor in writing.TIMEFRAME. In the event that all the Consigned Items are not sold by [Date], all unsold Consigned Items shall be returned to the Consignor with all delivery costs borne by the Consignee. Even the best consignment sale will often have leftover merchandise. This clause ensures that the Consignee will return all unsold goods to the Consignor after a certain number of days. Consignment stores are less likely to include this clause, since retail stores have room to store unsold items.