Consignment stock agreement—pro-customer


Produced in partnership with Paul de Vince of ComLaw
Precedents

Consignment stock agreement—pro-customer


Produced in partnership with Paul de Vince of ComLaw

Precedents
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This Agreement is made on [date]

Parties

  1. 1

    [insert name of supplier] [of OR a company incorporated in [England and Wales] under number [insert registered number] whose Registered office is at] [insert address] (Supplier); and

  1. 2

    [insert name of customer] [of OR a company incorporated in [England and Wales] under number [insert registered number] whose registered office is at] [insert address] (Customer)

(each of the Supplier and the Customer being a party and together the Supplier and the Customer are the parties).

Background

    1. (A)

      The Supplier conducts the business of supplying [insert description] to other businesses.

    1. (B)

      The Customer conducts the business of [insert description].

    1. (C)

      The parties have agreed that the Supplier shall supply Goods to the Customer on the terms set out in this Agreement.

    1. (D)

      To improve the efficiency of the Customer's supply chain, the Supplier has agreed to supply Goods to the Customer on a consignment stock basis and to allow the Customer to hold a consignment of the Goods on the Customer's premises.

The parties agree:

    1. 1

      Definitions and interpretation

      1. 1.1

        In this Agreement:

        Affiliate

        1. •

          means any entity that

Paul de Vince
Paul de Vince

Solicitor, ComLaw

My practice has only ever been about doing commercial law and I have been fortunate to work with many of the UK’s largest and smallest businesses on a vast array of projects. What I try to do now is to bring that experience to bear to offer the lightest touch possible to deliver a risk-free route through the commercial and general trading law landscape. That may be through drafting savvy contracts that major on the likely pinch points that will arise under a supply line or through offering advice outside the contract on how to keep trade flowing in the most mutually beneficial way for customer and supplier.

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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Registered office definition
What does Registered office mean?

As required by CA 2006, s 86 a company must at all times have a registered office to which all communications and notices may be addressed.

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