
Consignment Agreement
Consignment Agreement
Effective Date: _____________
This Agreement is made by and between:
YFE GLOBAL NETWORK and its affiliates (“Consignor”), a company organized under the laws of the United States, with principal office at 2451 W. Grapevine Mills Circle, Grapevine, TX 76051,
and
_____________ (“Consignee”), a corporation under the laws of the United States, with principal office at ________________________________________________________________________.
1. RECITALS
Consignor consigns new or used containers, trailers, and parts (“Consignment Goods”) for marketing and sale within the U.S.
Consignee agrees to market and sell said goods under the terms of this Agreement.
2. TERM
The term shall be flexible, subject to mutual agreement by both parties.
3. APPOINTMENT
Consignee is authorized to market and sell Consignment Goods from its yard at 1223 N. Stanford Ave, Los Angeles, CA 90059.
4. DELIVERY
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Consignor shall deliver goods at its own expense.
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Consignee waives all usual depot fees (gate-in/out, storage, etc.).
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Consignee is liable for loss or damage while the units are under its control.
5. TITLE
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Consignment Goods remain the property of the Consignor until sold.
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Consignee is liable for shortages, theft, or loss.
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The Deed of Consignment Sales, separately executed, is incorporated herein.
6. SALES
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All sales are cash only, unless prior written authorization for credit is obtained.
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Sales prices shall be set by the Consignor.
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Sales below authorized prices are prohibited.
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Consignee may purchase goods at mutually agreed terms and resell at its discretion.
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Consignor may sell directly to third parties; Consignee shall assist with logistics.
7. REPORTING & PAYMENT
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Consignee shall submit daily sales and inventory reports.
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When payment is received by the Consignee, it shall immediately remit the agreed amount to the Consignor’s designated bank.
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If Consignor sells directly, Consignee shall receive $100 per unit as compensation.
8. INDEPENDENT OPERATIONS
Consignee shall manage its operations independently, including staffing, equipment, and facilities.
Consignor has no control over the conduct or methods used by the Consignee.
9. TERMINATION
Either party may terminate this Agreement with 30 days’ written notice.
10. GOVERNING LAW
This Agreement shall be governed by the laws of Texas, United States of America.
11. NO WAIVER
Failure to enforce any term shall not constitute a waiver of future enforcement of that or any other term.
12. ARBITRATION
Any dispute shall be resolved by arbitration under the rules of the United States Arbitration Association, upon written demand within 30 days of the dispute arising.
13. ATTORNEY'S FEES
The prevailing party in any legal action shall be entitled to recover reasonable attorney’s fees and costs.
14. SEVERABILITY
If any provision is held invalid, the remainder of this Agreement shall remain in full force as if the invalid part had been omitted.
15. ENTIRE AGREEMENT
This Agreement constitutes the entire understanding between the parties. All prior agreements are superseded.
16. MODIFICATIONS
Any amendment must be in writing and signed by both parties.
17. HEADINGS
Paragraph headings are for convenience only and do not affect interpretation.
18. COUNTERPARTS
This Agreement may be executed in counterparts, each deemed an original.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.
CONSIGNER CONSIGNEE
_____________________________________ _______________________________________
YFE GLOBAL NETWORK