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Consignment Sales Agreement
"I need a Consignment Sales Agreement under Singapore law for my luxury watch business, where I'll be placing high-end timepieces worth approximately SGD 2 million with a retail partner in Orchard Road, with a 20% commission structure starting from March 2025."
1. Parties: Identification and details of the consignor and consignee
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of appointment and scope of consignment arrangement
5. Title and Risk: Provisions regarding ownership and risk allocation
6. Commission Structure: Payment terms, rates, and calculation methods
7. Obligations of Consignor: Responsibilities and duties of the party providing goods
8. Obligations of Consignee: Responsibilities and duties of the party selling goods
9. Term and Termination: Duration and termination provisions
1. Insurance: Insurance requirements and coverage for high-value goods or specific risk scenarios
2. Intellectual Property: IP rights and protections when branded or protected goods are involved
3. Data Protection: PDPA compliance provisions for handling personal data
4. Force Majeure: Provisions for unforeseen circumstances in long-term arrangements
5. Anti-Bribery and Corruption: Compliance with anti-corruption laws for regulated industries or public sector dealings
1. Products Schedule: List of consigned goods with descriptions and pricing
2. Commission Schedule: Detailed commission rates and calculation methods
3. Operating Procedures: Detailed procedures for handling, storage, and sales
4. Reporting Template: Format for regular sales and inventory reports
5. Service Level Agreement: Performance metrics and standards
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