The Consignment Sales Agreement is essential for businesses operating under Singapore's legal framework who wish to sell goods through third parties without immediate transfer of ownership. This arrangement is particularly valuable for suppliers looking to expand their market reach while maintaining inventory control, and for retailers seeking to minimize upfront inventory costs. The agreement typically covers commission structures, payment terms, handling procedures, and risk allocation, while ensuring compliance with Singapore's Sale of Goods Act, GST requirements, and relevant commercial regulations. This document type is commonly used in retail, art galleries, and specialty stores where products may require specific handling or have high value.
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1. Parties: Identification and details of the consignor and consignee
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of appointment and scope of consignment arrangement
5. Title and Risk: Provisions regarding ownership and risk allocation
6. Commission Structure: Payment terms, rates, and calculation methods
7. Obligations of Consignor: Responsibilities and duties of the party providing goods
8. Obligations of Consignee: Responsibilities and duties of the party selling goods
9. Term and Termination: Duration and termination provisions
1. Insurance: Insurance requirements and coverage for high-value goods or specific risk scenarios
2. Intellectual Property: IP rights and protections when branded or protected goods are involved
3. Data Protection: PDPA compliance provisions for handling personal data
4. Force Majeure: Provisions for unforeseen circumstances in long-term arrangements
5. Anti-Bribery and Corruption: Compliance with anti-corruption laws for regulated industries or public sector dealings
1. Products Schedule: List of consigned goods with descriptions and pricing
2. Commission Schedule: Detailed commission rates and calculation methods
3. Operating Procedures: Detailed procedures for handling, storage, and sales
4. Reporting Template: Format for regular sales and inventory reports
5. Service Level Agreement: Performance metrics and standards
Relevant legal definitions
Agreement
Business Day
Commencement Date
Commission
Consigned Goods
Consignment Period
Consignment Location
Consignor
Consignee
Confidential Information
Effective Date
Force Majeure Event
GST
Intellectual Property Rights
Inventory Report
Loss
Net Proceeds
Operating Procedures
Parties
Products
Purchase Price
Retail Price
Sale Proceeds
Sales Report
Selling Period
Services
Term
Territory
Working Hours
Business Day
Commencement Date
Commission
Consigned Goods
Consignment Period
Consignment Location
Consignor
Consignee
Confidential Information
Effective Date
Force Majeure Event
GST
Intellectual Property Rights
Inventory Report
Loss
Net Proceeds
Operating Procedures
Parties
Products
Purchase Price
Retail Price
Sale Proceeds
Sales Report
Selling Period
Services
Term
Territory
Working Hours
Clauses
Appointment and Authority
Title and Risk
Consignment Process
Commission and Payment
Sale Proceeds
Delivery and Storage
Inventory Management
Reporting Requirements
Pricing
Insurance
Representations and Warranties
Confidentiality
Record Keeping
Return of Goods
Loss or Damage
Compliance with Laws
Intellectual Property
Liability and Indemnification
Term and Termination
Force Majeure
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Variation
Waiver
Third Party Rights
Costs
Title and Risk
Consignment Process
Commission and Payment
Sale Proceeds
Delivery and Storage
Inventory Management
Reporting Requirements
Pricing
Insurance
Representations and Warranties
Confidentiality
Record Keeping
Return of Goods
Loss or Damage
Compliance with Laws
Intellectual Property
Liability and Indemnification
Term and Termination
Force Majeure
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Variation
Waiver
Third Party Rights
Costs
Relevant Industries
Relevant Teams
Relevant Roles
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