👉 Nonconsignment is a legal concept that refers to an arrangement in which one party, or a group of parties, agrees not to bind another party or group by entering into a binding agreement. The purpose of this nonconsignment is to protect both parties from potential obligations and liabilities that may arise from the contract. In essence, it means that if there is any obligation that cannot be discharged under the terms of the contract, the noncongruent party (the one who does not agree with the
