Consignment Inventory Agreement Template for Philippines

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Consignment Inventory Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Consignment Inventory Agreement

"I need a Consignment Inventory Agreement for my pharmaceutical distribution business in Manila, where we'll be acting as the consignee for multiple international drug manufacturers, with specific requirements for temperature-controlled storage and strict quality control measures."

Document background
The Consignment Inventory Agreement is a crucial document used in Philippine business operations when a company wants to place its goods in the possession of another party for sale without transferring ownership until the actual sale occurs. This arrangement is particularly common in retail, manufacturing, and distribution sectors within the Philippines, where businesses seek to expand their market reach without requiring the distributor or retailer to purchase inventory upfront. The agreement must comply with Philippine commercial law, including the Civil Code and relevant tax regulations, while clearly defining the rights and obligations of both parties. It typically includes detailed provisions for inventory management, commission structures, reporting requirements, and risk allocation, making it essential for businesses seeking to establish consignment relationships in the Philippine market.
Suggested Sections

1. Parties: Identifies and provides full legal details of the consignor and consignee

2. Background: Sets out the context of the agreement and the parties' intentions regarding the consignment arrangement

3. Definitions: Defines key terms used throughout the agreement

4. Appointment and Scope: Establishes the consignment relationship and defines its scope

5. Delivery and Acceptance of Goods: Details the procedures for delivery, inspection, and acceptance of consigned goods

6. Storage and Handling: Specifies requirements for storage, handling, and maintenance of consigned inventory

7. Risk and Title: Clarifies that title remains with consignor and allocates risk of loss

8. Pricing and Commission: Sets out the pricing mechanism and commission structure

9. Payment Terms: Details payment procedures, timing, and methods

10. Reporting and Records: Specifies inventory reporting requirements and record-keeping obligations

11. Insurance: Outlines insurance requirements for consigned goods

12. Term and Termination: Specifies duration of agreement and termination provisions

13. Return of Goods: Procedures for returning unsold or rejected goods

14. General Provisions: Standard boilerplate clauses including governing law, notices, etc.

Optional Sections

1. Security Interest: Required if the consignor wants to register a security interest in the goods

2. Marketing and Display: Include if the agreement covers retail consignment with specific display requirements

3. Quality Control: Necessary for goods requiring specific quality maintenance procedures

4. Exclusivity: Include if either party has exclusive rights or territories

5. Minimum Performance Requirements: Include if consignee must meet specific sales targets

6. Intellectual Property: Required if branded goods are involved or IP licenses are needed

7. Data Protection: Include if personal data will be processed as part of the consignment arrangement

Suggested Schedules

1. Schedule 1 - Consigned Goods: Detailed list of consigned goods with specifications and quantities

2. Schedule 2 - Pricing and Commission Structure: Detailed pricing formulas and commission calculations

3. Schedule 3 - Operating Procedures: Detailed procedures for handling, storage, and inventory management

4. Schedule 4 - Reporting Templates: Standard forms for inventory and sales reporting

5. Schedule 5 - Storage Locations: List of approved storage locations and facilities

6. Appendix A - Insurance Requirements: Detailed insurance specifications and coverage requirements

7. Appendix B - Quality Standards: Specific quality control standards and procedures if applicable

Authors

Alex Denne

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

Relevant legal definitions
Clauses
Relevant Industries

Retail

Manufacturing

Consumer Goods

Electronics

Fashion and Apparel

Automotive Parts

Industrial Equipment

Pharmaceuticals

Food and Beverage

Luxury Goods

Agricultural Products

Construction Materials

Relevant Teams

Legal

Supply Chain

Finance

Operations

Sales

Procurement

Logistics

Risk Management

Commercial

Inventory Management

Business Development

Compliance

Warehouse Operations

Relevant Roles

Supply Chain Manager

Commercial Director

Inventory Manager

Legal Counsel

Chief Financial Officer

Operations Manager

Procurement Manager

Sales Director

Warehouse Manager

Logistics Manager

Business Development Manager

Contract Administrator

Risk Manager

Finance Controller

Retail Operations Manager

Industries
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

Find the exact document you need

Consignment Inventory Form

A Philippine-compliant document establishing terms and conditions for consignment inventory arrangements between suppliers and retailers/distributors.

find out more

Consignment Agreement For (Retail)

A Philippine law-governed agreement establishing terms for retail consignment arrangements, including commission structures, goods handling, and payment terms.

find out more

Consignment Inventory Agreement

A Philippine law-governed agreement establishing terms for consignment inventory arrangements, including delivery, storage, and sale of goods while maintaining consignor ownership.

find out more

Consignment Store Contract

A Philippine law-governed agreement between a product owner and store operator for the sale of goods on consignment basis, defining terms of sale, commission, and operational responsibilities.

find out more

Equipment Consignment Agreement

A Philippine law-governed agreement establishing terms for equipment consignment between owners and distributors, covering sales rights, responsibilities, and revenue sharing.

find out more

Consignment Manufacturing Agreement

A Philippine law-governed agreement establishing terms for consignment manufacturing arrangements, including production requirements, quality standards, and regulatory compliance.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.