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The Consignment Agreement Form is essential for businesses operating in Hong Kong's commercial landscape where consignment arrangements are common practice. This document is particularly useful when a business wants to place its products for sale through another party without immediately transferring ownership. The agreement comprehensively covers all aspects of the consignment relationship, including delivery terms, commission structures, payment arrangements, and risk allocation. As a Hong Kong-governed document, it incorporates relevant local legislation including the Sale of Goods Ordinance and Control of Exemption Clauses Ordinance, ensuring compliance with local legal requirements. The Consignment Agreement Form is particularly valuable in retail, luxury goods, and specialty markets where vendors seek to maintain control over their products while leveraging established distribution channels.

1. Parties: Identifies and provides full details of the consignor and consignee, including business registration numbers and addresses

2. Background: Explains the context of the agreement and the parties' intention to enter into a consignment arrangement

3. Definitions: Defines key terms used throughout the agreement for clarity and precision

4. Appointment and Scope: Establishes the consignment relationship and outlines the scope of the arrangement

5. Delivery and Storage of Goods: Details the procedures for delivery, acceptance, and storage of consigned goods

6. Pricing and Commission: Specifies the pricing mechanism for consigned goods and the consignee's commission structure

7. Payment Terms: Outlines the payment procedures, timing, and methods

8. Title and Risk: Clarifies that title remains with the consignor while goods are in consignment and addresses risk allocation

9. Obligations of Consignor: Lists the consignor's responsibilities including product quality, documentation, and support

10. Obligations of Consignee: Details the consignee's duties including storage, sales efforts, reporting, and care of goods

11. Record Keeping and Reporting: Specifies requirements for inventory management, sales records, and periodic reporting

12. Term and Termination: States the duration of the agreement and circumstances for termination

13. Return of Goods: Procedures for returning unsold goods or handling goods upon termination

14. Governing Law and Jurisdiction: Specifies Hong Kong law as governing law and jurisdiction for disputes

15. General Provisions: Standard boilerplate clauses including notices, amendments, and severability