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Consignment Agreement Template for Ireland

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Key Requirements PROMPT example:

Consignment Agreement

"I need a Consignment Agreement for my luxury watch business where I'll be supplying watches to high-end retailers across Ireland, with specific terms about security requirements and minimum sale prices, starting from March 2025."

Document background
The Consignment Agreement is essential for businesses operating under Irish jurisdiction who wish to establish a commercial arrangement where goods are provided for sale without immediate transfer of ownership. This document is particularly relevant when suppliers seek to expand their distribution channels while maintaining control over their inventory, or when retailers want to minimize inventory risk. The agreement, governed by Irish law, includes crucial provisions for inventory management, commission structures, sales reporting, and risk allocation. It ensures compliance with relevant Irish legislation including the Sale of Goods Act 1893 (as amended), Sale of Goods and Supply of Services Act 1980, and applicable commercial regulations. The document is commonly used in retail, luxury goods, art, and various other sectors where consignment models are prevalent.
Suggested Sections

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

2. Background: Context of the agreement and brief description of the business 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 to sell goods

5. Delivery and Receipt of Goods: Process for delivering goods to consignee and documentation requirements

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

7. Pricing and Commission: Agreed pricing structure, commission rates, and payment terms

8. Obligations of Consignee: Duties regarding storage, display, sale, and care of consigned goods

9. Obligations of Consignor: Responsibilities including product quality, documentation, and support

10. Accounting and Reporting: Requirements for sales records, inventory reports, and financial accounting

11. Payment Terms: Timeline and method for remitting sales proceeds and handling commission

12. Term and Termination: Duration of agreement and circumstances for termination

13. Return of Unsold Goods: Process and conditions for returning unsold merchandise

14. Confidentiality: Protection of confidential information shared between parties

15. General Provisions: Standard legal clauses including governing law, notices, and amendments

Optional Sections

1. Insurance Requirements: Specific insurance obligations - include when dealing with high-value goods

2. Storage and Handling Requirements: Special conditions for storage - include for perishable or sensitive goods

3. Marketing and Display: Requirements for product display and promotion - include for retail consignment

4. Minimum Sales Requirements: Sales targets and consequences - include when performance benchmarks are needed

5. International Shipping: Cross-border requirements - include for international consignment

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

7. Data Protection: GDPR and data handling - include when personal data is processed

8. Force Majeure: Provisions for unforeseen events - include for long-term or high-value agreements

9. Non-Competition: Restrictions on selling competing products - include when exclusivity is required

Suggested Schedules

1. Schedule 1 - Consigned Goods: Detailed list of products, including descriptions, quantities, and SKUs

2. Schedule 2 - Commission Structure: Detailed breakdown of commission rates, including any variations by product or volume

3. Schedule 3 - Pricing Guidelines: Agreed pricing ranges or fixed prices for consigned goods

4. Schedule 4 - Reporting Templates: Standard forms for inventory and sales reporting

5. Schedule 5 - Storage Requirements: Specific storage and handling instructions for goods

6. Schedule 6 - Service Level Agreement: Performance metrics and service standards

7. Appendix A - Return Procedures: Detailed procedures for returning unsold goods

8. Appendix B - Insurance Certificates: Copies of required insurance documentation

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions































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Relevant Industries

Retail

Fashion and Apparel

Art and Antiques

Electronics

Luxury Goods

Automotive Parts

Furniture and Home Decor

Sporting Goods

Books and Publications

Agricultural Products

Jewelry and Watches

Industrial Equipment

Consumer Goods

Crafts and Artisanal Products

Relevant Teams

Legal

Commercial

Sales

Operations

Supply Chain

Finance

Procurement

Risk and Compliance

Retail Operations

Logistics

Business Development

Account Management

Relevant Roles

Chief Executive Officer

Commercial Director

Sales Manager

Retail Operations Manager

Supply Chain Manager

Inventory Control Manager

Finance Director

Legal Counsel

Business Development Manager

Procurement Manager

Store Manager

Logistics Manager

Account 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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