Sale on Consignment Acknowledgement
This letter shall acknowledge that the goods described on the attached invoice or order are shipped to you on a consignment basis. In the event you are unable to sell the said goods, any unsold goods may be returned to us at your expense for full credit.
We reserve a security right in the goods and we have the right to reclaim any unsold goods at any time. You further agree to execute any financing statements or security agreements as we may from time to time require to perfect our ownership claim to said goods.
Goods sold by you shall be paid for on the terms stated in our invoice.
Yours very truly,