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SALE ON CONSIGNMENT AGREEMENT

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SALE ON CONSIGNMENT AGREEMENT

Basic Info

  • Applicable Region UAE
  • Available Languages
    English
    English & Arabic
  • Document No 0000261
  • Version V 1.0
  • Last Updated 10-12-2022
  • Reviews 0
Document Summary

“A sale on Consignment Agreement”, is a commercial agreement where one party the “Consignor” provides another party, the “Consignee” with its products and relies on the latter to sell them. The Consignor keeps the ownership of these products until they are sold by the Consignee.

Description

This way of selling is normally used when consigners are pursuing further exposure of their products and aiming to increase the probability of purchase of the products.

The Consignor can request for a monthly sales report to be provided by the Consignee to track the status of these products.

The Consignee must return unsold products to the Consignor upon the termination or expiry of the Contract.

This Agreement includes the following sections:

1.     Product Provisions

2.     Pricing

3.     Product Selection

4.     Merchandise Defects/Delivery

5.     Payments

6.     Floor Space

7.     Term

8.     Confidentiality

9.    Trademark, Intellectual or Industrial Property Rights

10.  Insurance and Liability for Loss

11.  Termination of the Agreement

12. Consequences of Termination of the Agreement

13.  Notices

14.  Language

15.  Governing Law and Jurisdiction

16.  Entire Agreement

Jurisdiction

This document is intended for use in the United Arab Emirates.

Before Execution

- The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.

- Please delete this front page together with the information contained in the headers, footers and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.

- Please remove the square brackets and all highlighting prior to signature.

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