A shorter version of the above agreement that can be edited to favor both parties. This is a global agreement for the use by an importer or distributor of a physical product who wishes to set the conditions with his supplier. Goods can be purchased of any type, from any country. This Confirmation Agreement (the “Agreement”) sets out the terms and conditions that govern the contractual agreement between [the Consignor] (the Sender) and [Consignee] at the [Address] (the “Consignee”) who agree to be bound by this Agreement. The content of this agreement could be negotiated for a big deal. However, the document is most likely used as a general terms and conditions of sale that each supplier must sign if they wish to collaborate with the dealer. What is a consignment treaty? A consignment contract is a type of contract between two parties, the sender and the consignee, which defines the terms of the contract for a service such as the sale, resale, transport, storage or use of certain goods. Stock is kept on a consignment basis – the manufacturer or supplier is paid only if units are sold. Titles and returns are processed in detail. If the product is a recognized trademark or has high-quality intellectual property, our agreement on a high-brand value product contains provisions relating to the protection of the manufacturer`s intellectual property. In order to improve the efficiency of the customer`s supply chain, the parties envisage that the supplier would provide the customer on a consignment deposit basis and will allow the customer to keep a shipment of the goods at the customer`s premises. This form of agreement is tailored to a short-term relationship between the shipper and the agent, in which the shipper provides the agent with a stock of specific goods as a single delivery, which the agent then attempts to sell on behalf of the shipper.
The agent may at any time return some or all unsold goods, and the consignor may at any time request the return of some or all of the goods. The law that refers to this agreement is largely customary law, not a law of law. This means that you have the freedom to make your own market. Any other consignment would be made by means of a separate and subsequent consignment contract, i.e. this model agency contract is intended to be used only if the agent is not of importance going beyond the conservation and sale of the specified quantity of stocks listed in the agency agreement. DEPOSIT FEES. The Recipient is entitled to [PERCENTAGE] of the total purchase price of the items shipped (the “Consignment Fee”). If the distributor operates outside the UK, there may be additional local laws to be followed. We assume that the distributor will assume responsibility for all aspects of compliance with local laws, whether with respect to the product, customer, import or customs duties and taxes.
THE RIGHT TO SELL. The shipper thus grants the consignee the exclusive right to deliver and sell the goods shipped in accordance with the terms of this Agreement. (each supplier and the customer are a party company and together are the supplier and the customer the parties). . . .