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About this template
What is this template?
This document is a consignment retail contract that splits financial responsibilities between a stock owner and a showroom manager. It specifically allocates the cost of interior decoration to the supplier while requiring the operator to pay for building maintenance and local property taxes. It is not a simple lease agreement because the operator is paid a commission rather than paying rent.
When should you use it?
Use this when a brand owner wants to open a dedicated outlet without taking on the lease or day-to-day staffing directly. Use a standard Commercial Lease instead if the occupant is paying a fixed monthly sum for space and manages their own inventory risk.
What's inside
| Clause | Name | What it does |
|---|---|---|
| 2 | Renovation and Infrastructure | The Second Party must provide air conditioning, flooring, and electrical fittings according to the First Party's specific architectural drawings. |
| 5 | Pricing and Promotion | The First Party retains sole authority to determine all sale prices, discounts, and promotional schemes for the consigned products. |
| 7 | Commission and Taxes | The Second Party receives a commission margin reconciled monthly, from which applicable income tax is deducted before release. |
| 9 | Operating Expenses | The First Party pays all running expenses including staff wages, electricity, water, and credit card commissions. |
| 15 | Minimum Stock Value | The First Party is obliged to maintain a stock level worth at least a specified amount in Rupees. |
| 18 | Refundable Security | The Second Party provides a refundable security deposit to be returned only after contract expiry and stock retrieval. |
| 22 | Ownership and Custody of Goods | The First Party remains the exclusive owner of all products while they are in the Second Party's possession. |
| 24 | Arbitration | Disputes are settled via arbitration under the Arbitration and Conciliation Act 1996. |
Who it's for
- a supplier wanting to control retail pricing and promotions while using a third-party showroom
- a property owner operating a retail space for specific branded goods on a commission basis
- a manufacturer distributing goods on a consignment basis where they retain ownership until sale
- a retailer seeking to minimize inventory risk by holding stock owned by the supplier
How long it runs and how it's signed
Law it's drafted under
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