Document background
The Online Consignment Agreement is essential for businesses engaging in consignment-based e-commerce activities in Malaysia. This document is particularly relevant when product owners wish to sell their goods through online platforms without transferring ownership until the final sale to customers. The agreement covers crucial aspects such as inventory management, commission structures, payment processing, and compliance with Malaysian e-commerce regulations. It's designed to protect both the consignor's and consignee's interests while ensuring compliance with relevant legislation including the Electronic Commerce Act 2006, Consumer Protection Act 1999, and Personal Data Protection Act 2010. The document is especially important for businesses expanding into online marketplaces and those seeking to establish clear terms for digital consignment arrangements.
