STOP Legal Expenses: Affordable Consignment Forms

Evan Carmichael shows where to find affordable consignment agreement templates on LegalZoom and DocStoc, with pricing from free to monthly subscriptions. He warns that templates save money but a lawyer should still review any agreement for your specific business and jurisdiction.
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Hey, it's Evan. Today I'm answering a question from one of my YouTube viewers, Linda. Love you guys on YouTube. The question that came in was, do you have any suggestions for obtaining legal documents like a consignment agreement that I could use as a template? And this is like, the legal stuff is something that's really important for entrepreneurs to figure out. We have to have legal agreements in place. I know it's something that I know for me, like, I hate dealing with that stuff. It seems like the the boring work, the grunt work, the stuff that I'd rather just focus on growing my business, not doing all the legal paperwork. But it is important, and I know you don't want to spend a lot of money hiring lawyers to do it. So there are a couple resources online that I wanted to share with you today that could help. So Linda in particular is looking for a consignment agreement. The two websites I want to share are LegalZoom and DocStock. So LegalZoom, uh, it's basically online legal agreements, and everything here is related to legal agreements and is created by lawyers. And you can go here and type in whatever you're looking for. So let's say we want a consignment agreement. There it is. And here is an overview of what a consignment agreement is. It's an example here. The cost just for this is $14.95 that you can buy. So definitely a lot cheaper than having a lawyer draft it for you from scratch. You can sign up and if you know you need a lot of legal forms, you can sign up and get an $8 a month package or $30 a month package that gives you access and potentially some support from an attorney. So that's a great way to start. It's definitely a lot cheaper than going out and talking to your local lawyer. The other one is DocStock, and the same thing. Now, this is more than just legal. This is any kind of document, any kind of template. You can go here and find an answer for you. So here again, if I put in consignment agreement— so consignment agreement, here are a whole bunch of different ones. Artist gallery, you know, if it's specific or not, you can see a lot of different options here. I can click on This one says 484 consignment agreement options, so you can see which one best fits your needs. But I can click on this, I can download it, I can print it, I can review it through here. Uh, you have a custom browser here that you can look at the specific details over what it is. And usually to get this, some of them are free, some of them are paid, uh, if you have an account. So if I go download, it'll probably ask me to sign up. You can sign up for free with Facebook or your email account and get access to it. Again, some of them are free and some of them are paid, but whatever the cost is, if there is, it's a lot cheaper than hiring a lawyer. If you're going to use DocStock or if you're going to use LegalZoom, I still recommend— and if you're using any template, I still always recommend having it run through a lawyer quickly afterwards. It will cost you some money for the lawyer to review your document, but it's way cheaper to have a lawyer just review your document and make some changes than for your lawyer to draft it from scratch completely. Some things to keep in mind is there may be parts of the the legal document like a consignment agreement, there may be parts that, that don't apply to your business, or there may be missing things that would apply to your business that's not in the standard template. There may be things that are local to your state or your province or your country that isn't in the template. So those kind of little details can be added. And just having your lawyer have a general understanding of what you're trying to accomplish, they might have a suggestion for a few extra clauses to include to protect yourself in your agreement, but it's still way cheaper to have your lawyer do that than for them to draft the whole thing. And it's probably worth the extra investment to have a lawyer review it just to make sure you have all your bases covered because if this comes back and you need to go to court, you want to make sure you have ironclad paperwork and you'll regret not having spent the, you know, whatever, $100 for the lawyer to review it. Something to keep in mind, those are the two websites that are definitely worth checking out. Hopefully that helped Linda, and for those of you watching, if you have a question, let me know, leave it in the comments underneath. If you have another resource to share about how to find legal documents and templates, please share it below. If you like the video, give it a thumbs up, and if you have a question, put it in the comments below, I'll make a video response. Thank you so much, and I'll see you soon.
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