Common use of Termination of this Consignment Agreement Clause in Contracts

Termination of this Consignment Agreement. Consignee may terminate this Agreement at any time and for any reason by returning to Consignor all of the unsold property which is the subject of this Agreement. Consignor may terminate this Agreement at any time and for any reason, but such termination will not affect the agreement regarding items of property already sold. The expensive of delivery to the Consignor of any unsold property shall be the responsibility of the Consignor. Prior notice of termination shall not be required of a Page 2 of 2 terminating party. Notwithstanding anything to the contrary, termination of the consignment by the Consignor does not relieve the Consignor the duty of consideration to the Consignee. Therefore, if the Consignor terminates this Agreement for any reason, they shall be responsible for paying twenty-five percent (25%) of the agreed price to the Consignee, or one-hundred dollars ($100) whichever is greater.

Termination of this Consignment Agreement. Consignee may terminate this Agreement at any time and for any reason by returning to Consignor all of the unsold property which is the subject of this Agreement. Consignor may terminate this Agreement at any time and for any reason, but such termination will not affect the agreement regarding items of property already sold. The expensive of delivery to the Consignor of any unsold property shall be the responsibility of the Consignor. Prior notice of termination shall not be required of a Page 2 of 2 terminating party. Notwithstanding anything to the contrary, termination of the consignment by the Consignor does not relieve the Consignor the duty of consideration to the Consignee. Therefore, if the Consignor terminates this Agreement for any reason, they shall be responsible for paying twenty-five percent (25%) of the agreed price to the Consignee, or one-hundred dollars ($100) whichever is greater.