Chesapeake Classics, LLC – Consignment Agreement
This agreement is made on (date____________) between (Chesapeake Classics,
LLC) herein referred to as "Seller", and (Consignee_________________________).
Whereas (Consignee________________________) wishes to sell (description of
by consigning said item(s) to Chesapeake Classics, LLC for sale, it is
That Chesapeake Classics, LLC agrees to display item(s) in a prominent place in
That Chesapeake Classics, LLC will make every attempt to obtain the best
possible price for the consigned merchandise and will accept no less than
($ SEE ABOVE) as purchase price.
That for his/her efforts Chesapeake Classics, LLC is entitled to retain (20%) of the
That should a sale be effectuated, Chesapeake Classics, LLC shall forward a
check for the amount of the full purchase price less the aforementioned (percent)
to Consignee within 14-21 days of the receipt of same.
That Chesapeake Classics, LLC represents that he/she maintains insurance for
theft and damage, and that the consigned merchandise will be covered by said
insurance while it is in his/her possession.
That Consignee agrees to leave the merchandise with Chesapeake Classics, LLC
for a minimum of (time____________).
That should the merchandise remain unsold at the end of the consignment period
and an election be made by the Consignee to remove said merchandise, any
costs incurred by the delivery of same to Consignee shall be borne by
Consignee. Consignee will also have the choice of contract renewal.
If Consignee sells their consigned merchandise outside of our gallery – then
Chesapeake Classics, LLC will be entitled to the 20% agreed commission.
Seller: _______________________ Consignee: _____________________
Date: ________________________ Date: __________________________
Jeffrey T. Pelayo and Gail Bowen
Chesapeake Classics, LLC