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A consignee is an individual or entity that receives goods or property from a consignor, who is the party sending the items for sale or distribution. The consignee typically acts on behalf of the consignor, selling the goods and often retaining a percentage of the sales proceeds. This arrangement allows the consignor to reach a wider market without directly selling the items themselves. Consignment agreements are common in various industries, including retail, art, and collectibles.
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