The Consignment Agreement

This Consignment Agreement (the “Agreement”) outlines the terms and conditions governing the contractual relationship between:

Name:
Surname:
ID:
Cell:
Address:

(the “Consignor”)

And

Jopeto (Pty) Ltd trading as ReHome Consignment Store located at 26 Ruth First Street, Trichardt, 2300

(the “Consignee”)

who mutually agree to be bound by this Agreement.

WHEREAS the Consignor holds the right and title to the items described on Exhibit A attached hereto (the “Consigned Items”), and the Consignee desires to take possession of the Consigned Items with the intention of selling them to a third party.

NOW, THEREFORE, in consideration of the mutual covenants and promises made by the parties hereto, the Consignor and the Consignee (individually, each a “Party,” and collectively, the “Parties”) covenant and agree as follows:

1. RIGHT TO SELL

The Consignor hereby grants the Consignee the exclusive right to display and sell the Consigned Items according to the terms and conditions of this Agreement.

2. CONSIGNMENT FEE

The Consignor and the Consignee agree that the Consignee shall be entitled to a percentage of the sale price of the Consigned Items as the Consignment Fee. The specific percentage shall be described on Exhibit A attached hereto. Within 14 working days from the sale of the Consigned Items, the Consignee shall deliver to the Consignor the sale price of the Consigned Items less the Consignment Fee.

3. INDEMNITY

The Consignor hereby indemnifies the Consignee for any loss or damage to the Consigned Items that may arise because of fire, theft, disaster, acts of God, or any event beyond the control of the Consignee.

4. LOCATION OF ITEMS

The Consignee agrees and acknowledges that the Consigned Items shall only be kept and stored at 26 Ruth First Street, Trichardt, 2300, unless otherwise agreed upon by the Consignor in writing.

5. TIME FRAME

If all the Consigned Items are not sold within six (6) months, the Consign shall collect all unsold Consigned Items.

6. CONSIGNOR REPRESENTATION

The Consignor hereby represents and warrants that they hold full title (or have received, in writing, the authorization to sell the Consigned Items from any necessary parties) to the Consigned Items, which are free of all liens and encumbrances.

7. EXPENSES

The Consignee shall bear all expenses for shipping the Consigned Items to third-party buyers.

8. NO MODIFICATION UNLESS IN WRITING

No modification of this Agreement shall be valid unless in writing and agreed upon by both Parties.

9. APPLICABLE LAW

This Agreement and the interpretation of its terms shall be governed by and construed in accordance with the laws of South Africa and subject to the exclusive jurisdiction of the national and provincial courts located in South Africa.

IN WITNESS WHEREOF, each of the Parties has executed this Agreement, both Parties by its duly authorised officer, as of the day and year set forth below.

10. CONSIGNOR’S BANK DETAILS

Bank:
Account Name:
Account Number:
Branch Number:
Account Type:

CONSIGNOR: Name & Surname & Signature

CONSIGNEE: Name & Surname & Signature

Date: