Important good elements of a draft consignment contract are: a draft consignment contract is a legally binding agreement between the parties, under which, known as the consignee, one agrees to store, sell or transfer goods belonging to the sender. The consignee can be considered as the agent of the consignor who sells the goods to everyone on behalf of the sender. A consignment contract protects both parties during an ongoing commitment. This agreement gives the recipient an advantage of reselling products without having to buy the product. It can also help the recipient prevent or mitigate possible losses, as the recipient is not required to purchase the products sold by the sender. In the event that the excess products are not sold, the recipient may return the products to the sender at no cost corresponding to the products held.