1. Parties: Identifies and provides full details of the consignor (vendor) and consignee, including registration numbers and addresses
2. Background: Explains the context of the agreement, including the nature of the businesses and the purpose of the consignment arrangement
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Appointment and Scope: Establishes the consignment relationship and defines the territory or market where the consignee may sell the goods
5. Delivery and Acceptance of Goods: Details the process for delivery, inspection, and acceptance of consigned goods
6. Title and Risk: Clarifies that title remains with the consignor until sale, and specifies risk allocation
7. Pricing and Commission: Sets out the pricing mechanism for the goods and the consignee's commission structure
8. Payment Terms: Specifies when and how payments should be made following sales of consigned goods
9. Reporting and Accounting: Establishes requirements for sales reporting, inventory tracking, and financial accounting
10. Storage and Handling: Specifies requirements for storage, handling, and maintenance of consigned goods
11. Insurance: Details insurance requirements for the consigned goods
12. Term and Termination: Specifies the duration of the agreement and grounds for termination
13. Return of Goods: Procedures for returning unsold goods to the consignor
14. Confidentiality: Protects confidential information shared between the parties
15. Governing Law and Jurisdiction: Specifies Nigerian law as governing law and sets jurisdiction for disputes
