Consignment Agreement Hong Kong

3) In order for a book to be shipped to our store, it must have at least the following: THEREFORE, TAKING INTO ACCOUNT the premises, agreements and understandings contained herein and for any other valid and valid consideration, the preservation and completeness of which are acknowledged, the parties hereby agree as follows: 6) Bleak House Books may require additional quantities from the sender for sale in its store during the period shipping. This section states that neither party may transfer its obligations under the Agreement without the prior written consent of the other party. Since the shipping agreement concerns the sale of goods through the consignee as a third party, the agreement should include a section or clauses indicating what percentage of the sale will be retained by the consignee as a “royalty” for its services. CONSIDERING that the sender wishes to sell certain products (“Products”) on the shipment and that the Consignee wishes to sell the Products on behalf of the Sender; The shipper wishes to use the consignee`s point of sale to market, display and sell goods. Therefore, under this agreement, the consignee sells goods on behalf of the shipper for the shipping costs for the period of shipment in a given territory. 5) The delivery time is 3 months, but can be extended at the discretion of Bleak House Books depending on various factors, the most important of which is the success of the book. Local authors who have published books are welcome to contact us if they would like their book or books to be stored in our shop. Please read our shipping conditions below to find out how to bring us your book and some of the things we look for in self-published books when you decide if you want to keep it in our shop. Consignment agreements are legal contracts in which a party referred to as the shipper grants legal rights to another party designated as the consignee to sell, resell, store or transfer goods on behalf of the shipper. Since the shipping order is a unique method that treats the recipient as a third party that connects the seller and the buyer by handing over the goods to the recipient without transferring legal ownership to the recipient. This section emphasizes that the parties enter into a shipping agreement that explains to the shipper the legal ownership and legal rights and obligations of the recipient that assist in the sale of the goods.

Both parties should agree on the duration or initial period of the issue and the automatic extension of that period, unless one of the parties terminates it. The terms of the agreement stipulate that the consignee may also market and sell various other goods, but these are not in direct competition with the shipper`s goods. The sender therefore has no problem with the consignee who markets, exhibits and sells these other goods. 1. Sale by consignment. The recipient will from time to time place orders for the products with the sender. The Sender may, in its sole discretion, accept such orders and ship such Products for shipment to the Recipient, subject to and in accordance with the terms of this Agreement. A consignment contract, also known as a consignment purchase contract or consignment inventory contract, is a contract between a seller or sender designated as a sender and a buyer or consignee designated as the consignee, which sets out the legal rights and obligations of both parties for storage, the transfer, sale or resale and use of the goods. This section of the shipping contract stipulates that the goods will only be supplied on the basis of the shipment and explains that the sender bears both the costs of delivery of the products and the risk of loss or damage during this transport to the recipient. This section deals with the procedures followed by both parties in the event of a conflict or dispute. It allows the parties to choose the state and regional laws used to interpret the agreement.

This article also allows the parties to seek a fair remedy. For example, any judicial remedy that requires a party to take or refrain from certain measures for violation of the Agreement. This method is usually used by companies that want to test market requirements by storing their goods in the consignee`s warehouse, while the consignee sells the goods to customers and transfers payment to the sender after deduction of the commission fee specified in the consignment contract. When preparing a consignment contract, remember that the agreement should state the commission rate, the sales period and the consequences in case of non-sale, as this information is the key elements of the consignment contract so that it can be clear to both parties. We recommend that you add a number of optional paragraphs in a shipping agreement to meet other preferred requirements. During the shipping process, the sender may ask the recipient to return their products to the recipient by notifying them. This section explains how the shipper notifies the recipient and how long the notice period should be. In addition, after the expiry of the shipping time, the recipient can ask the sender to pick up his products, which must be determined, as well as the time limit of his deadline. The consignment contract must include an indication that there is no warranty for the products shipped, unless required by law, for example.

The answer to this question depends on factors such as store overhead, item value, customer base, etc. At a high level, typical shipping distribution distributes 60% of the turnover to the sender and 40% to the recipient. Shipping is a business agreement or method in which the recipient agrees to store, sell, resell or transfer goods belonging to the shipper in exchange for a percentage of turnover called commission. In this case, the shipper has legal ownership of the goods and the consignee acts only within the scope of the authorized actions specified in the shipping contract. 1) All compliance requests must be delivered in person or mailed to our San Po Kong location. A proper submission request includes the following: a copy of each title that the author wishes to keep in our shop and a completed form for the Bleak House Books (BHB) Consumer Agreement (available for download here). Please do not call or send an email with requests for correction, as we cannot decide if we want to carry your book anyway until we get our hands on it and see it with our own eyes. As with any other legal document, the identification of the parties and the date of the agreement are mandatory.

The party supplying the goods or goods should be referred to as the “consignor”. The party selling the goods or goods must be called the “consignee” because these names will be used throughout the agreement. This is a free consignment agreement template that can be used by businesses of all sizes. Download this free sample consignment agreement below. The consignee is considered to be a third party that connects the sender with potential buyers or buyers of the goods, since the sender is the rightful owner of the goods and the rights and obligations of the consignee are defined and limited to what is agreed in the shipping contract. This section of the Shipping Agreement explains how the parties to this Agreement may terminate the Agreement at any time for any reason. If the parties decide to terminate the agreement, this section should specify when and how the unsold products are to be returned and how long the recipient must return ownership after the agreement expires. The recipient undertakes to collect, store and transmit the contact details of the parties interested in the goods.

This section should include all the responsibilities that the consignee assumes in order to derive the maximum possible profit from the sale of goods. For example, the recipient`s efforts to authorize the items in their store and promote the sale of the items by giving them the right positioning and attention. This article provides that the obligations and reasonable efforts of the recipient go beyond the simple storage of the products in his store. With the Rocket Lawyer Shipment Agreement document generator, it`s easy to create a shipping contract online. You will answer a few questions and a custom document will be created just for you. You may want to check these questions before starting the document: LEGAL NOTICE: We strongly recommend that you tailor this document to your individual situation, as you may need additional clauses to better protect your business from possible legal issues. 4) BHB does not pay more than 60% of the selling price to the sender. . This form has been created for general information purposes only. They do not constitute legal advice, advertising, solicitation or tax advice. The presentation of this form and the information contained therein is not intended to establish a customer relationship and its receipt does not constitute justification […].