The Clothing Consignment Contract serves as a crucial legal framework for businesses engaged in consignment-based clothing retail in Singapore. This document is essential when a clothing owner wishes to place their merchandise with a retailer for sale without transferring ownership until the final sale occurs. The contract addresses key aspects including commission rates, payment schedules, merchandise handling, quality standards, and risk allocation, while ensuring compliance with Singapore's commercial laws and regulations. It's particularly relevant for fashion retailers, boutiques, and designers looking to expand their market presence without significant upfront inventory costs.
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1. Parties: Identification of consignor and consignee with full legal names and addresses
2. Background: Context of the consignment arrangement and business relationship
3. Definitions: Key terms used throughout the agreement
4. Consignment Terms: Core terms including duration, pricing, and commission structure
5. Responsibilities of Parties: Detailed obligations of both consignor and consignee
6. Payment Terms: Payment schedule, method, and commission calculations
7. Term and Termination: Duration of agreement and termination conditions
1. Insurance: Insurance requirements and liability coverage for high-value items
2. Display Requirements: Specific requirements for merchandise display and presentation
3. Marketing Rights: Terms for using brand names and marketing materials for branded items
4. Returns Policy: Procedures and policies for handling returned or damaged items
1. Schedule A - Inventory List: Detailed list of consigned items with descriptions and prices
2. Schedule B - Commission Structure: Detailed breakdown of commission rates and calculations
3. Schedule C - Quality Standards: Specific quality requirements and inspection criteria
4. Appendix 1 - Operating Procedures: Detailed procedures for handling, storing, and selling consigned items
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