Consignment Inventory Agreement: Definition, Terms, Example
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Quick Facts — Consignment Inventory Agreement Lawyers
- Avg cost to draft a Consignment Agreement: $930.00
- Avg cost to review a Consignment Agreement: $880.00
- Lawyers available: 39 business lawyers
- Clients helped: 31 recent consignment inventory agreement projects
- Avg lawyer rating: 5.0 (4 reviews)
What is a Consignment Inventory Agreement?
A consignment inventory agreement is a contract between the business owner and the vendor. The vendor decides how much of their goods they would like to sell on behalf of the business. But, all profits from these items go to either party (the vendor or the company). This type of agreement usually lasts for an agreed-upon amount of time. Then, either party can terminate the contract with notice in advance.
The benefits are that this allows businesses to avoid carrying any inventory costs while still having access to many products that may not be found at brick-and-mortar locations. These agreements also help vendors who have excess inventory without room for storage find buyers quickly.
Common Sections in Consignment Inventory Agreements
Below is a list of common sections included in Consignment Inventory Agreements. These sections are linked to the below sample agreement for you to explore.
Consignment Inventory Agreement Sample
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| If to the Consignor: | Kef Pharmaceuticals, Inc. | |||
| 780 3rd Avenue, 37th Floor | ||||
| New York, New York 10017 | ||||
| Attention: James E. Flynn | ||||
| Facsimile: | ||||
| Copy to: | Robinson, Bradshaw & Hinson, P.A. | |||
| 101 North Tryon Street, Suite 1900 | ||||
| Charlotte, North Carolina 28246 | ||||
| Attention: David J. Clark | ||||
| Facsimile: (704) 378-4000 | ||||
| If to the Consignee: | MiddleBrook Pharmaceuticals, Inc. | |||
| 20425 Seneca Meadows Parkway | ||||
| Germantown, Maryland 20876 | ||||
| Attention: Edward M. Rudnic, Ph.D. | ||||
| Facsimile: (301) 944-6700 |
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| Copy to: | Dewey & LeBoeuf LLP | |||
| 1301 Avenue of the Americas | ||||
| New York, New York 10019 | ||||
| Attention: Frederick W. Kanner, Esq. | ||||
| Facsimile: (212) 259-6333 |
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| CONSIGNOR: | ||||||
| KEF PHARMACEUTICALS, INC. | ||||||
| By: | /s/ Peter W. Steelman | |||||
| Name: | Peter W. Steelman | |||||
| Title: | President | |||||
| CONSIGNEE: | ||||||
| MIDDLEBROOK PHARMACEUTICALS, INC. | ||||||
| By: | /s/ Edward M. Rudnic | |||||
| Name: | Edward M. Rudnic, Ph.D. | |||||
| Title: | President and Chief Executive Officer | |||||
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Reference:
Security Exchange Commission - Edgar Database, EX-10.3 8 w42573exv10w3.htm EX-10.3, Viewed December 21, 2021, View Source on SEC.
Who Helps With Consignment Inventory Agreements?
Lawyers with backgrounds working on consignment inventory agreements work with clients to help. Do you need help with a consignment inventory agreement?
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Jeremiah C.
Jeremiah C.
Creative, results driven business & technology executive with 27 years of experience (17+ as a business/corporate lawyer). A problem solver with a passion for business, technology, and law. I bring a thorough understanding of the intersection of the law and business needs to any endeavor, having founded multiple startups myself with successful exits. I provide professional business and legal consulting. Throughout my career I've represented a number large corporations (including some of the top Fortune 500 companies) but the vast majority of my clients these days are startups and small businesses. Having represented hundreds of successful crowdfunded startups, I'm one of the most well known attorneys for startups seeking CF funds. I hold a Juris Doctor degree with a focus on Business/Corporate Law, a Master of Business Administration degree in Entrepreneurship, A Master of Education degree and dual Bachelor of Science degrees. I look forward to working with any parties that have a need for my skill sets.
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Allen L.
Clear, strategic legal guidance when you need it most—whether you're planning ahead or defending a position. Legal challenges shouldn't feel confusing or overwhelming. Whether you're building an estate plan, structuring a business, or navigating a dispute, my practice is built on clarity, care, and practical strategy. I work with clients who want real solutions—not just paperwork—through planning and advice that truly fits their goals, families, and businesses. Planning & Structure I focus on estate planning, asset protection, and business succession, helping individuals and entrepreneurs organize their assets, reduce risk, and prepare for every stage of life. Whether you're setting up your first living trust, shielding your business from liability, or updating an existing estate plan, you'll receive clear guidance, fixed-fee pricing, and responsive support from start to finish. Each plan I design is tailored to your real-world priorities: preserving wealth, avoiding unnecessary taxes and probate, and ensuring the people you love are protected when it matters most. I also focus on general business matters outlined below. Disputes & Defense When legal conflicts arise—disputed contracts, demand letters, settlement negotiations, or litigation decisions—I provide realistic risk assessment and strategic guidance. I help clients understand their actual exposure (not just best-case scenarios), identify leverage points, and navigate toward efficient resolution. If you're facing a legal claim or need to evaluate your position before responding, I can walk you through the realistic options and their costs. Services: Estate Planning & Asset Protection --Simple wills and powers of attorney --Living trusts for small estates --Buy-sell agreements for family businesses Business Formation & Agreements --LLC or S-Corp formation filings --Operating Agreements / Shareholder Agreements --Founder or Investor Agreements --Bylaws and Minutes templates --Registered agent setup guidance Contracts & Commercial Matters --Service Agreements (consulting, marketing, software, design, etc.) --Independent Contractor Agreements --Employment contracts and offer letters --Non-compete, non-solicitation, or confidentiality agreements --Employee handbooks or HR policy updates --Termination or severance agreements --NDAs (Non-Disclosure Agreements) --Partnership or Joint Venture Agreements --Sales or Vendor Contracts --Licensing or IP Agreements Terms and conditions SaaS Platforms --Terms of Service --Privacy Policy --Independent Contractor Agreements --Customer/User Agreements --Liability Waivers --Cancellation & Refund Policy --Non-Solicitation Clauses --Marketplace compliance documents Real Estate --Commercial lease drafting or review --Residential lease review --Purchase & sale agreements --Short-term rental (Airbnb) contracts --Property management agreements Professional Approach: I leverage modern legal research and writing technologies—including AI-assisted tools—to enhance the quality, speed, and clarity of my analysis. Like many legal professionals today, I use these tools to organize research, improve communication, and catch errors. On research tools: case law and statutory verification runs through a vLex/Fastcase subscription, and drafting and first-pass review is AI-assisted. Every analysis I provide is thoroughly reviewed and reflects my independent professional judgment as a licensed attorney. AI is a tool that supports my work; it does not replace it.
"Allen is an exceptional legal professional. He reviewed a complex commercial lease on my behalf, bringing thoughtful recommendations and comprehensive revisions that genuinely protected my interests as a tenant. He patiently addressed all my questions throughout, and his responsiveness was outstanding which critical in commercial leasing, where things move fast. The service exceeded my expectations. I'd use Allen again without hesitation and recommend him highly to anyone needing sharp, reliable legal counsel."
Sara S.
With over eleven years of intellectual property experience, I’m happy to work on your contract problem. I am very diligent and enjoy meeting tight deadlines. Drafting memoranda, business transactional documents, termination notices, demand letters, licenses and letter agreements are all in my wheelhouse! Working in a variety of fields, from construction to pharmaceutical, I enjoy resolving any disputes that come across my desk. I will prioritize your project, big or small. Please be ready and prepared with all relevant documentation so we can get started as soon as you click HIRE! Hourly rate projects will be billed hourly in accordance with the timesheet. Flat rate projects will be billed in segments. Choosing an hourly or flat rate is up to you. Absolutely no refunds.
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Tim E.
I am a business attorney focused on providing practical, targeted legal services for small businesses, startups, contractors, consultants, and service providers. I help clients efficiently review, draft, and improve everyday business contracts, including service agreements, NDAs, independent contractor agreements, vendor contracts, commercial leases, and purchase documents. My approach is straightforward: identify the terms that matter, explain risks in plain English, and deliver clear, usable edits or drafts without unnecessary complexity. I regularly handle fixed-fee, quick-turnaround projects such as contract reviews, agreement drafting, and demand or termination letters. While I offer streamlined, project-based services for routine matters, I can also assist with broader business legal needs as they arise.
"Excellent experience with Tim on my relatively complex EULA for a suite of network appliance products. Tim was very fair with pricing, responsive, diligent, thorough, technically knowledgeable, took the time to address all my questions and concerns, and finished (with revision) on schedule and budget. Great experience overall and I'll definitely be using Tim for more work in the future with my business. I'll also be using Contract Counsel and recommending it to everyone I know as well! THANK YOU! -Devin"
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Benjamin is an attorney specializing in Business, Intellectual Property, Employment and Real Estate.
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Amos M.
Since 2008, I have worked to assist clients in solving problems and addressing challenges that inevitably arise as a business grows - both anticipated and unexpected. My experience in Georgia and Tennessee in both drafting contracts and enforcing them via litigation and/or arbitration has provided clients with unique insights that help them anticipate problems and inform their decisions from start to finish.
Leah C.
I am an attorney licensed in Alabama and have been in solo practice for 7 years. I have experience in Contracts drafting and review, Litigation and Immigration practice areas. I am available for new projects.
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Wholesale and Consignment Contract Terms
"Jane was great, responsive, quick, and had no problem making as many adjustments and corrections as needed. I will continue to hire her for more and would recommend."
Review of 9-Page Consignment Contract in California
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Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
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Wholesale and Consignment Contract Terms
Location: Kentucky
Turnaround: Less than a week
Service: Contract Review
Doc Type: Consignment Agreement
Page Count: 8
Number of Bids: 2
Bid Range: $700 - $800
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