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Consignment Agreement Template 1 Page 4
during such period; provided, however, that principal shall pay a rental of $________ per
month for the period such facilities are so used.]
SECTION NINE
GOVERNING LAW
It is agreed that this agreement shall be governed by, construed, and enforced in
accordance with the laws of the State of ________.
SECTION TEN
NO WAIVER
The failure of either party to this agreement to insist on the performance of any of the
terms and conditions of this agreement, or the waiver of any breach of any of the terms
and conditions of this agreement, shall not be construed as waiving any terms and
conditions, but such terms and conditions shall continue and remain in full force and
effect as if no forbearance or waiver had occurred.
SECTION ELEVEN
ARBITRATION OF DISPUTES
All disputes, claims, and questions regarding the rights and obligations of the parties
under the terms of this agreement are subject to arbitration. Either party may make a
demand for arbitration by filing such demand in writing with the other party within
________ days after the dispute first arises. Subsequently, arbitration shall be conducted
by ________ [set forth terms of arbitration].
SECTION TWELVE
ATTORNEY FEES
In the event that any action is filed in relation to this agreement, the unsuccessful party
in the action shall pay to the successful party, in addition to all the sums that either party
may be called on to pay, a reasonable sum for the successful partys attorney fees.
SECTION THIRTEEN
EFFECT OF PARTIAL INVALIDITY
The invalidity of any part of this agreement will not and shall not be deemed to affect
the validity of any other part. In the event that any provision of this agreement is held to
be invalid, the parties agree that the remaining provisions shall be deemed to be in full
force and effect as if they had been executed by both parties subsequent to the
expungement of the invalid provision.
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