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Consignment Form Template for New Zealand

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Key Requirements PROMPT example:

Consignment Form

"I need a Consignment Form for my Auckland art gallery where I'll be receiving artwork from multiple international artists, with a 40% commission structure and specific requirements for artwork handling and insurance coverage, starting from March 2025."

Document background
The Consignment Form serves as a crucial document in New Zealand business transactions where goods are transferred from an owner (consignor) to a seller (consignee) for sale without transferring ownership until the actual sale occurs. This document type is essential for businesses operating under New Zealand jurisdiction, particularly when establishing consignment arrangements in retail, art, agriculture, and various other sectors. The form encompasses all necessary elements required by New Zealand law, including compliance with the Contract and Commercial Law Act 2017, Fair Trading Act 1986, and GST regulations. It provides comprehensive coverage of key aspects such as goods identification, pricing structures, commission rates, duration, care responsibilities, and sale proceeds distribution, while establishing clear legal protections for all parties involved in the consignment arrangement.
Suggested Sections

1. Parties: Identifies and provides full details of the consignor (owner of goods) and consignee (party receiving goods for sale)

2. Background: Brief context explaining the purpose of the consignment arrangement

3. Definitions: Defines key terms used in the form including 'Consignment Goods', 'Commission', 'Sale Price', etc.

4. Goods Description: Detailed description of the goods being consigned, including quantity, condition, and any identifying features

5. Pricing and Commission: Specifies the agreed sale price range and commission rate for the consignee

6. Duration: States the period for which the goods will be consigned

7. Care of Goods: Outlines the consignee's responsibilities for maintaining and securing the goods

8. Sale Proceeds: Details how and when sale proceeds will be handled and distributed

9. Reporting Requirements: Specifies what records and reports the consignee must maintain and provide

10. Risk and Insurance: Addresses responsibility for insurance and risk of loss while goods are in consignee's possession

Optional Sections

1. GST Provisions: Required when either party is GST registered, detailing GST handling and obligations

2. International Shipping: Needed when goods are being consigned across international borders

3. Marketing Requirements: Specifies how goods should be marketed and displayed when consignee has specific requirements

4. Return of Unsold Goods: Details procedures for returning unsold goods if this is permitted under the arrangement

5. Exclusivity: Required when the consignee is granted exclusive rights to sell the goods

6. Subconsignment Rights: Included when the consignee is permitted to subconsign goods to other parties

Suggested Schedules

1. Schedule 1 - Inventory List: Detailed inventory of all consigned goods including descriptions, quantities, and condition

2. Schedule 2 - Pricing Schedule: Detailed breakdown of agreed pricing ranges and commission rates for different categories of goods

3. Schedule 3 - Condition Report: Detailed assessment of the condition of goods at time of consignment

4. Appendix A - Handling Instructions: Specific instructions for storage, handling, and display of the goods

5. Appendix B - Reporting Templates: Standard templates for required sales reports and inventory updates

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




























Clauses




























Relevant Industries

Retail

Art and Antiques

Agriculture and Produce

Fashion and Apparel

Automotive

Electronics

Luxury Goods

Handicrafts

Books and Publications

Furniture and Home Goods

Relevant Teams

Legal

Operations

Finance

Sales

Procurement

Compliance

Inventory Management

Retail Operations

Contract Administration

Risk Management

Relevant Roles

Retail Manager

Inventory Control Specialist

Sales Director

Commercial Lawyer

Business Development Manager

Operations Manager

Gallery Curator

Procurement Officer

Finance Manager

Compliance Officer

Store Owner

Logistics Coordinator

Contract Administrator

Merchandising Manager

Artist/Creator

Small Business Owner

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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