The Consignment Inventory Agreement is essential for businesses operating in Pakistan who wish to establish a consignment stock arrangement where the supplier (consignor) maintains ownership of goods while they are stored at the premises of a distributor or retailer (consignee). This document is particularly relevant in sectors with high-value inventory or seasonal products, addressing key aspects such as inventory management, risk allocation, and financial arrangements. The agreement must comply with Pakistani commercial law, particularly the Contract Act 1872 and Sale of Goods Act 1930, while incorporating provisions for taxation under the Sales Tax Act 1990. It's commonly used when suppliers want to expand their market presence without requiring immediate purchase commitments from distributors, or when retailers wish to maintain inventory without significant upfront investment.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification of the Consignor and Consignee with 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: Establishment of the consignment relationship and its basic parameters
5. Delivery and Storage of Consignment Goods: Terms regarding delivery, acceptance, and storage of consignment inventory
6. Title and Risk: Provisions clarifying ownership of goods and risk allocation
7. Inventory Management: Procedures for managing, tracking, and reporting inventory levels
8. Sales and Pricing: Terms governing the sale of consignment goods and pricing mechanisms
9. Payment Terms: Payment procedures, timing, and related financial terms
10. Reporting and Records: Requirements for inventory reporting and record-keeping
11. Insurance and Liability: Insurance requirements and allocation of liability
12. Term and Termination: Duration of agreement and termination provisions
13. General Provisions: Standard legal provisions including governing law, notices, and amendments
1. Import/Export Compliance: Required when consignment involves international trade
2. Quality Control: Needed for goods requiring specific storage conditions or handling
3. Security Interest: Include when additional security arrangements are required
4. Intellectual Property: Required when branded goods or proprietary systems are involved
5. Electronic Data Exchange: Include when parties use specific inventory management systems
6. Force Majeure: Optional but recommended for long-term agreements
7. Confidentiality: Include when sensitive business information is shared
8. Non-Competition: Required when protecting against competitive activities
1. Schedule A - Product List: Detailed list of consignment products with specifications
2. Schedule B - Pricing Schedule: Pricing details, commission rates, and payment calculations
3. Schedule C - Storage Requirements: Specific requirements for storage and handling of goods
4. Schedule D - Reporting Templates: Standard forms for inventory and sales reporting
5. Schedule E - Service Levels: Performance metrics and service level requirements
6. Appendix 1 - Insurance Requirements: Detailed insurance coverage requirements
7. Appendix 2 - Operating Procedures: Day-to-day operational procedures and protocols
8. Appendix 3 - Return Procedures: Procedures for handling returns and damaged goods
Find the exact document you need
Consignment Inventory Agreement
A Pakistan-law governed agreement establishing terms for consignment inventory arrangements between suppliers and retailers, including inventory management, pricing, and risk allocation.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)