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Consignment Agreement Template for Singapore

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Key Requirements PROMPT example:

Consignment Agreement

"I need a Consignment Agreement for my art gallery in Singapore to receive and sell high-value paintings from international artists, with specific provisions for insurance, secure storage, and a tiered commission structure based on sale price."

Document background
A Consignment Agreement is essential for businesses operating under Singapore jurisdiction where goods are provided by one party to another for sale without immediate transfer of ownership. This document is crucial for defining the commercial relationship between consignor and consignee, establishing commission structures, and allocating risks and responsibilities. It ensures compliance with Singapore's legal framework, particularly the Sale of Goods Act and Consumer Protection laws, while protecting both parties' interests in the consignment arrangement.
Suggested Sections

1. Parties: Identification and details of the consignor and consignee

2. Background: Context of the agreement and business relationship

3. Definitions: Key terms used throughout the agreement including references to Singapore legislation like Sale of Goods Act and Consumer Protection Act

4. Consignment Terms: Core terms including delivery, storage, and handling of goods

5. Pricing and Commission: Payment terms, commission structure, and settlement process including GST considerations

6. Title and Risk: Ownership rights and risk allocation in accordance with Singapore Sale of Goods Act

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

8. Governing Law: Specification of Singapore law as governing law and jurisdiction

Optional Sections

1. Insurance: Insurance requirements and coverage details for consigned goods

2. Intellectual Property: IP rights and protection provisions for branded or protected goods

3. Data Protection: Compliance provisions with Singapore Personal Data Protection Act

4. Marketing and Display: Requirements for product display and marketing in retail settings

Suggested Schedules

1. Schedule 1: Consigned Goods: Detailed list of consigned goods including specifications and quantities

2. Schedule 2: Commission Structure: Detailed breakdown of commission rates and calculation methods

3. Schedule 3: Operating Procedures: Detailed procedures for handling, storage, and sale of goods

4. Appendix A: Reporting Templates: Standard forms for inventory and sales reporting

Authors

Alex Denne

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

Relevant legal definitions




























Clauses






























Industries

Sale of Goods Act (SOGA): Primary legislation governing sale of goods and transfer of property in Singapore. Defines rights and obligations of consignor and consignee, and addresses quality and fitness of goods.

Contract Law (Common Law): Singapore's common law system including Misrepresentation Act, contract formation principles, and remedies for breach of contract.

Consumer Protection (Fair Trading) Act: Legislation covering fair trading provisions and consumer rights protection, particularly relevant if the consignment involves consumer goods.

Goods and Services Tax Act: Governs GST implications for consignment arrangements and related tax reporting requirements in Singapore.

Consumer Protection (Trade Descriptions and Safety Requirements) Act: Covers product safety standards and labeling requirements for goods in Singapore.

Personal Data Protection Act (PDPA): Regulates the collection and processing of personal data, establishing data protection obligations for businesses.

Storage of Goods Act: Relevant legislation if the consignment arrangement involves warehousing or storage facilities.

Electronic Transactions Act: Governs electronic records and transactions, particularly relevant if the consignment agreement involves digital documentation or e-commerce.

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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