
What should the contract cover?
- Sales percentage - how much each party receives when an item is sold
- Any other charges, like an administrative fee or rental space, to be deducted, if any
- When payment for items sold will be paid to the seller (monthly/quarterly)
- Which party determines the selling price of the products offered
- Inventory tracking system and reporting method
- Proof of insurance and guarantee that your products are included in the coverage against fire and theft
- Minimum/maximum time period products must or will be in the shop
- Notice required if either party wants to remove the products from the shop, for whatever reason

The next article in the series can be found here.
Great suggestions and information
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