The Auto Consignment Form serves as a crucial legal instrument in the automotive sales industry, particularly when vehicle owners wish to sell their vehicles through professional dealers without transferring ownership immediately. This document, governed by England and Wales law, establishes clear parameters for the consignment relationship, including vehicle valuation, commission structures, sales terms, and liability allocation. It incorporates relevant consumer protection measures and automotive industry regulations while providing both parties with legal security throughout the consignment period.
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1. Parties: Identification of consignor and consignee with full legal details
2. Background: Context of the consignment arrangement
3. Definitions: Key terms used throughout the agreement
4. Vehicle Details: Comprehensive description of the vehicle(s) including registration, VIN, condition
5. Consignment Terms: Duration, pricing, commission structure
6. Responsibilities: Obligations of both parties during consignment period
7. Insurance and Liability: Insurance requirements and allocation of risks
8. Payment Terms: Payment process, timing, and method
9. Termination: Conditions for ending the agreement
1. Marketing Rights: Terms for advertising the vehicle when specific marketing arrangements are needed
2. Exclusivity: Terms of exclusive selling rights when granted to the consignee
3. International Sales: Additional terms for international transactions when cross-border sales are anticipated
4. Storage Provisions: Terms for vehicle storage when specific storage arrangements are required
1. Vehicle Condition Report: Detailed assessment of vehicle condition with photos
2. Commission Schedule: Detailed breakdown of commission structure
3. Service History: Documentation of vehicle maintenance history
4. Insurance Certificates: Copies of relevant insurance documentation
5. Vehicle Documentation: Registration, MOT, and other relevant certificates
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