Simple Consignment Contract

Simple Consignment Contract Template for Hong Kong

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Key Requirements PROMPT example:

"I need a Simple Consignment Contract under Hong Kong law for my electronics retail business, where we'll be receiving gaming consoles and accessories from a Japanese manufacturer to sell in our Hong Kong stores, with the agreement starting March 1, 2025."

Document background

The Simple Consignment Contract is essential for businesses operating under a consignment model in Hong Kong, where goods owners wish to place their products with retailers or sellers while maintaining ownership until final sale. This document type is particularly relevant in retail and wholesale environments where suppliers seek to expand their distribution without transferring ownership of goods. The agreement covers crucial aspects such as commission structures, payment terms, risk allocation, and operational procedures, while ensuring compliance with Hong Kong commercial law. It provides clear guidelines for handling consigned goods, reporting requirements, and the responsibilities of both parties. This contract type is commonly used in various sectors including retail, luxury goods, and specialty markets, offering flexibility while protecting both parties' interests under Hong Kong jurisdiction.

Suggested Sections

1. Parties: Identification of the consignor and consignee with full legal names and addresses

2. Background: Brief context of the arrangement and purpose of the consignment relationship

3. Definitions: Definitions of key terms used throughout the agreement

4. Appointment and Scope: Terms of the consignee's appointment and scope of authority

5. Consignment of Goods: Process for consigning goods, including delivery and acceptance procedures

6. Title and Risk: Clarification that title remains with consignor while goods are in consignee's possession

7. Pricing and Commission: Pricing structure for consigned goods and commission rates for the consignee

8. Payment Terms: Terms for payment collection and remittance to consignor

9. Duties of Consignee: Key responsibilities including storage, display, and sale of goods

10. Duties of Consignor: Obligations regarding supply of goods and supporting documentation

11. Term and Termination: Duration of the agreement and termination provisions

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

13. Governing Law: Specification of Hong Kong law as governing law

14. Execution: Signature blocks and execution details

Optional Sections

1. Insurance: Required if specific insurance arrangements need to be detailed beyond basic risk provisions

2. Marketing and Display: Include when specific requirements exist for how goods should be marketed and displayed

3. Exclusivity: Include when the consignee is granted exclusive rights in certain territories or for certain products

4. Reporting Requirements: Include when specific reporting formats and frequencies need to be detailed

5. Warranty and Quality Control: Include when dealing with specific quality standards or warranty terms

6. Intellectual Property: Include when the consignment involves branded goods or use of trademarks

7. Force Majeure: Include when specific force majeure provisions are required beyond standard terms

8. Confidentiality: Include when sensitive information will be shared between parties

Suggested Schedules

1. Schedule 1 - Product List: Detailed list of consigned products with descriptions and pricing

2. Schedule 2 - Commission Structure: Detailed breakdown of commission rates and calculation methods

3. Schedule 3 - Operating Procedures: Detailed procedures for handling, storing, and selling consigned goods

4. Schedule 4 - Reporting Templates: Templates for required sales and inventory reports

5. Schedule 5 - Territory Definition: Definition of geographical areas covered by the agreement

6. Appendix A - Quality Standards: Specific quality standards and inspection criteria

7. Appendix B - Return Procedures: Detailed procedures for handling returns and unsold goods

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��ֱ�� | 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

Clauses

Relevant Industries

Retail

Fashion and Apparel

Luxury Goods

Consumer Electronics

Art and Antiques

Jewelry

Furniture and Home Decor

Sporting Goods

Books and Publications

Automotive Parts

Agricultural Products

Relevant Teams

Legal

Commercial

Operations

Finance

Supply Chain

Procurement

Sales

Retail Operations

Logistics

Business Development

Relevant Roles

Commercial Director

Retail Operations Manager

Supply Chain Manager

Legal Counsel

Business Development Manager

Sales Director

Procurement Manager

Logistics Manager

Contract Administrator

Finance Manager

Retail Store Manager

Inventory Manager

Commercial Operations Manager

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