Document background
The Simple Consignment Agreement is a fundamental commercial document used when a business wants to place its goods with another party for sale without immediately transferring ownership. This arrangement, governed by Belgian law, is particularly useful for businesses looking to expand their distribution channels without significant upfront investment from their distribution partners. The document typically includes detailed provisions on handling and storing goods, commission structures, payment terms, and reporting requirements. The Simple Consignment Agreement is especially relevant in the Belgian market where commercial agency laws and VAT regulations require specific considerations for consignment arrangements. It provides a clear framework for managing inventory, tracking sales, and handling returns while protecting both parties' interests under Belgian commercial law.
