CONSIGNMENT AGREEMENT
This Agreement is made at Chandigarh on 2 April 2026.
BETWEEN
Kaur Handloom Works, of Village Lalru, S.A.S. Nagar (Mohali) 140501, GSTIN 03AKJPI4432R1Z9, acting through Gurleen Kaur, Proprietor (the "Consignor");
AND
Heritage Crafts Emporium, of SCO 33, Sector 17-D, Chandigarh 160017, GSTIN 03AKJPI4432R1Z9, acting through Arvind Mehta, Partner (the "Consignee").
- 1. THE GOODS AND OWNERSHIP
1.1 On 1 April 2026 the Consignor delivered to the Consignee, for display and sale on consignment, the following goods (the "Goods"), of a total list value of ₹3,06,500 (Rupees Three Lakh Six Thousand Five Hundred only): Phulkari dupattas: 60 pieces, list price Rs 2,400 each. Hand-embroidered shawls: 25 pieces, list price Rs 6,500 each.
1.2 The Goods remain the property of the Consignor until sold to a customer and the price is received. The Consignee has no ownership in them, only the right to display and sell them as the Consignor's agent on the terms of this Agreement, and shall keep them apart from its own stock, marked as the Consignor's, in a safe and suitable place. The Consignee shall not sell them to itself, pledge, lend, or charge them, or let a creditor treat them as its own; if a creditor or officer tries to take them, the Consignee shall at once tell the creditor the Goods are the Consignor's and tell the Consignor.
1.3 The Consignee bears the risk of loss, theft, fire and damage from delivery until sale or return, and shall insure the goods or hold them at its own risk.
- 2. SALE, PRICE AND COMMISSION
2.1 The Consignee shall display the Goods fairly and try honestly to sell them during the 6 months from 1 April 2026 (the "Term"). It shall not sell any item below the list price in clause 1.1 without the Consignor's written consent, and may sell on credit only at its own risk.
2.2 The Consignee keeps 25 per cent of the sale price before GST on each item sold, as its commission, and shall pay the Consignor the rest of the sale price. Sale money received for the Goods is held in trust for the Consignor and shall not be mixed with the Consignee's own money beyond what is needed to bank it.
2.3 Within 10 days after the end of each month, the Consignee shall send the Consignor a written report of the items sold that month with the date and price of each, the stock remaining, and any loss or damage, and shall pay the amount due to the Consignor by bank transfer with it. GST is dealt with as the law requires, and each Party shall issue the invoices and keep the records that the law requires of it for the supply of the Goods.
2.4 The Consignor may inspect the Goods and count the stock at the Consignee's premises on reasonable notice, and the Consignee shall let it examine the sales records for the Goods. A joint stock count shall be made at the end of every three months and at the end of the Term.