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Auto Consignment Form

Auto Consignment Form Template for Singapore

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Key Requirements PROMPT example:

Auto Consignment Form

"I need an Auto Consignment Form for my luxury Mercedes S-Class to be consigned with Premier Motors Singapore from March 2025, with specific provisions for international buyer marketing and a minimum reserve price of $180,000."

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Document background
The Auto Consignment Form serves as a crucial document in Singapore's automotive market, providing a structured framework for vehicle owners to entrust their vehicles to professional dealers for sale. This document becomes necessary when vehicle owners prefer to delegate the sales process to experienced professionals while maintaining ownership until the final sale. The form includes comprehensive details about the vehicle, pricing terms, commission structures, and responsibilities of both parties, ensuring compliance with Singapore's automotive regulations and consumer protection laws. It's particularly important in protecting both parties' interests and establishing clear parameters for the consignment arrangement.
Suggested Sections

1. Parties: Details of consignor and consignee

2. Background: Context of the consignment arrangement

3. Definitions: Key terms used in the agreement

4. Vehicle Details: Comprehensive description of the vehicle including make, model, registration number, chassis number

5. Consignment Terms: Duration, pricing, commission structure

6. Responsibilities: Obligations of both parties during consignment period

7. Insurance and Liability: Coverage requirements and risk allocation

8. Payment Terms: Payment process and timeline

Optional Sections

1. Financing Declarations: Required if vehicle has existing loan - to be included when vehicle has outstanding financing

2. Marketing Rights: Permission to advertise vehicle - to be included when specific marketing arrangements needed

3. Maintenance Agreement: Vehicle maintenance during consignment - to be included for long-term consignments

Suggested Schedules

1. Schedule 1 - Vehicle Condition Report: Detailed assessment of vehicle condition at time of consignment

2. Schedule 2 - Vehicle Documentation: Copies of registration, insurance, maintenance records

3. Schedule 3 - Pricing Schedule: Agreed pricing structure and commission rates

4. Schedule 4 - Vehicle Photos: Documentary evidence of vehicle condition

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























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Industries

Sale of Goods Act (SOGA): Primary legislation governing sale and transfer of goods, defining conditions and warranties in sales contracts, and establishing rights and obligations of both parties in a sale transaction

Consumer Protection (Fair Trading) Act (CPFTA): Legislation protecting consumers against unfair practices, ensuring transparency in transactions, and requiring clear disclosure of vehicle condition and history

Motor Vehicles (Third-Party Risks and Compensation) Act: Regulation of insurance requirements and coverage of liability aspects during the consignment period of vehicles

Road Traffic Act: Legislation covering vehicle registration requirements, transfer of vehicle ownership procedures, and compliance with Land Transport Authority (LTA) regulations

Personal Data Protection Act (PDPA): Law governing the protection of personal information collected during the consignment process and consent requirements for data collection and usage

Hire Purchase Act: Legislation relevant to vehicles with existing financing arrangements, affecting transfer and encumbrance declarations

Contract Law (Common Law principles): Legal framework governing formation of valid contracts, terms and conditions, and rights and obligations of parties in contractual agreements

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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