Document background
The Equipment Consignment Agreement is essential for businesses operating in Singapore that wish to distribute equipment through consignment arrangements. This document is particularly relevant when equipment owners want to maintain ownership while allowing another party to possess and sell their equipment. Under Singapore law, this agreement must carefully address title retention, security interests under the Personal Property Securities Act, and specific obligations regarding equipment maintenance and sale. The agreement typically includes detailed provisions for commission structures, risk allocation, and termination rights, while ensuring compliance with Singapore's Sale of Goods Act and Contract Law.
