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Consignment Sales Agreement

Consignment Sales Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Consignment Sales Agreement

"I need a Consignment Sales Agreement for my luxury watch business in Hong Kong, where we'll be receiving watches from Swiss manufacturers to sell in our three retail locations, with specific requirements for storage security and minimum sales targets starting March 2025."

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Document background
The Consignment Sales Agreement is essential for businesses operating under a consignment model in Hong Kong, where goods are placed with a seller while maintaining ownership until final sale. This document type is particularly useful for businesses wanting to expand their distribution without significant upfront investment from retailers, or for specialized markets where traditional wholesale arrangements are impractical. The agreement must comply with Hong Kong's legal framework, particularly the Sale of Goods Ordinance and related commercial laws. It typically includes detailed provisions for handling, storing, and selling consigned goods, commission structures, reporting requirements, risk allocation, and return procedures. This agreement type is commonly used in retail, luxury goods, art, and other sectors where inventory ownership and control are crucial considerations.
Suggested Sections

1. Parties: Identification of the consignor (owner of goods) and consignee (seller)

2. Background: Context of the agreement and general business relationship between the parties

3. Definitions: Key terms used throughout the agreement

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

5. Delivery and Storage of Consigned Goods: Procedures for delivery, acceptance, and storage of goods

6. Title and Risk: Clarification that title remains with consignor until sale, and allocation of risk

7. Pricing and Commission: Pricing mechanism for goods and commission structure

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

9. Responsibilities of Consignee: Detailed obligations including storage, display, sales efforts, and reporting

10. Responsibilities of Consignor: Obligations including supply of goods, quality assurance, and support

11. Records and Reporting: Requirements for maintaining sales records and periodic reporting

12. Term and Termination: Duration of agreement and termination provisions

13. Return of Unsold Goods: Process for returning unsold goods to consignor

14. Confidentiality: Protection of confidential information

15. General Provisions: Standard clauses including governing law, notices, and entire agreement

Optional Sections

1. Insurance: Specific insurance requirements - include when high-value goods are involved

2. Intellectual Property: IP rights and usage - include when branded goods are involved

3. Marketing and Display: Specific marketing requirements - include for retail consignment

4. Territory Restrictions: Geographic limitations on sales - include when territorial exclusivity is granted

5. Minimum Performance Requirements: Sales targets and consequences - include when performance standards are critical

6. Online Sales: E-commerce provisions - include when online sales are permitted

7. Data Protection: Specific data handling requirements - include when customer data is collected

8. Force Majeure: Provisions for unforeseen events - include when long-term arrangement

9. Non-Competition: Restrictions on competing activities - include when exclusive arrangement

Suggested Schedules

1. Schedule 1 - Consigned Goods: Detailed list of goods including descriptions, quantities, and agreed prices

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 goods

4. Schedule 4 - Reporting Templates: Format and templates for required reports and records

5. Schedule 5 - Quality Standards: Specific quality requirements and inspection procedures

6. Appendix A - Return Policy: Detailed procedures for handling customer returns and defective goods

7. Appendix B - Storage Requirements: Specific requirements for storage conditions and handling

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 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

Luxury Goods

Fashion and Apparel

Art and Antiques

Electronics

Automotive

Jewelry

Furniture

Sporting Goods

Books and Publications

Agricultural Products

Industrial Equipment

Consumer Goods

Relevant Teams

Legal

Commercial

Sales

Operations

Finance

Supply Chain

Procurement

Risk and Compliance

Retail Operations

Business Development

Relevant Roles

Commercial Director

Retail Operations Manager

Sales Director

Legal Counsel

Business Development Manager

Supply Chain Manager

Procurement Manager

Chief Financial Officer

Operations Director

Inventory Manager

Retail Store Manager

Commercial Contracts Manager

Risk Manager

Compliance Officer

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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