You just heard a rumor that your largest retail customer is in financial distress and may file for bankruptcy. After a moment of panic, you review your consignment agreement with the retailer (this ...
Consignment is an arrangement between two parties for one to sell the goods of another. If the goods are sold, a discounted sales price is paid to the original seller with the balance to the ...
Art consignment agreements are deceptively simple. This essay goes behind that simplicity to raise issues for art owners, which are not fully addressed (or only imperfectly so) by the text of the ...
While things worked out for vendors who did not file a UCC-1 in the Sports Authority Chapter 11, you may not be so lucky. Never assume that it is not necessary to properly perfect a consignment ...
Consignment is an arrangement between two parties for one to sell the goods of another. If the goods are sold, a discounted sales price is paid to the original seller with the balance to the ...
Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Daniel Rathburn is an editor at Investopedia ...
There are many avid art collectors among high-net-worth clients, many of whom frequently look to galleries to consign artwork they no longer want. Net sale agreements are commonplace in the industry ...