Hi Marlene, Your consignment statement is excellent except for one
thing: You don't state what compensation you expect if an item is
lost or damaged. Do you expect to be paid the full wholesale price, a
percentage of wholesal e or something else? (Conversely, as a gallery
owner, what compensation do you expect to pay?)
The statement I use is not as comprehensive (and I may revise it,
having read yours), but it does cover this point:
"The above-listed items shall remain the property of the Designer
until she receives payment for the sale of same and shall not be
subject to levy or execution by judicial process against the Account.
These items will be covered by AccountB9s insurance against fire and
theft and, if not sold, wil l be returned to Designer in same
condition they were received or else full wholesale price will be
paid to Designer."
I adapted this statement from something I read many years ago (wish
I could remember and credit the source).