The Relationship Between Consignor and Consignee is That of…..

The relationship between a consignor and consignee is that of a business arrangement where one party, the consignor, entrusts goods or products to the other party, the consignee, for the purpose of selling or distributing those goods on behalf of the consignor. This arrangement is commonly referred to as a consignment agreement, and it typically involves the consignor retaining ownership of the goods until they are sold or otherwise disposed of, at which point the consignee remits the proceeds, minus any agreed-upon fees or commissions, back to the consignor. This relationship is often used in the retail and distribution industry as a way to manage inventory and expand market reach while sharing the risks and rewards between the two parties.

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