Watch consignment agreement generator

Parties

This Watch Consignment Agreement ("Agreement") is made on ________________ between: Consignor (Owner): ________________, ________________ Consignee (Dealer): ________________, ________________

1. Consigned item

The Consignor delivers the following watch to the Consignee for sale on consignment: Brand / Model: ________________ Reference: ________________ Serial: ________________ Condition / included items: Full set (box & papers), excellent condition

2. Term

This Agreement begins on the date above and continues for 30 days, unless extended in writing or terminated earlier under clause 7.

3. Sale price

The Consignee will offer the watch for sale at no less than ________________ (the "Minimum Price"), unless otherwise agreed in writing.

4. Commission

On a successful sale, the Consignee retains a commission of 10% of the final sale price. The remaining 90% is paid to the Consignor.

5. Payment

The Consignee will remit the Consignor's share within 7 days of receiving cleared funds from the buyer.

6. Title, authenticity, risk & insurance

The Consignor warrants that they are the lawful owner of the watch and that it is genuine. Risk of loss or damage while the watch is in the Consignee's possession, and responsibility for insurance, are as agreed by the parties and should be documented and adequately insured.

7. Unsold item

If the watch is not sold within the Term, the Consignee will, on request, return it to the Consignor in the same condition (allowing for normal handling).

8. Governing law

This Agreement is governed by the laws of ________________.

9. Entire agreement

This document is the entire agreement between the parties and supersedes any prior discussions.

Signatures

Consignor: ____________________ Date: __________ Consignee: ____________________ Date: __________