A Simple Consignment Agreement is commonly used in commercial relationships where a business wants to sell goods through another party without transferring ownership until the final sale. This document, governed by English and Welsh law, establishes the terms under which goods are consigned, including commission structures, handling requirements, and risk allocation. It's particularly useful for businesses looking to expand their distribution network without the complexities of wholesale arrangements. The agreement typically includes provisions for inventory management, reporting requirements, and payment terms, while ensuring compliance with relevant UK commercial legislation.
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1. Parties: Identification of consignor and consignee with full legal details
2. Background: Context of the agreement and business relationship
3. Definitions: Key terms used throughout the agreement
4. Consignment Terms: Core terms including delivery, storage, and handling of goods
5. Pricing and Commission: Payment terms, commission rates, and calculation methods
6. Title and Risk: Ownership rights and risk allocation
7. Duration and Termination: Agreement length and termination provisions
1. Insurance: Insurance requirements for goods - use when high-value goods are involved
2. Territory Restrictions: Geographical limitations on sales - use when territory exclusivity is granted
3. Marketing and Promotion: Marketing obligations and restrictions - use when consignee has marketing responsibilities
4. Data Protection: GDPR compliance provisions - use when personal data is processed
1. Schedule of Goods: Detailed list of consigned goods with specifications
2. Commission Structure: Detailed breakdown of commission calculations and rates
3. Operating Procedures: Detailed procedures for handling, storage, and sales
4. Territory Map: Geographical areas covered by the agreement
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
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