Adam Frankel
General Counsel · Technology & AI
15+ years as General Counsel to technology, cloud & AI companies
This is a preview. The full template is free on GitLaw.
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
How long
Runs for a fixed period
Stated duration
[period of agreement]
Notice to end it
three months
Survives the end
Trademark usage restrictions
Signed by
First Party, Second Party, Witness (First Party), Witness (Second Party)
Witness
Required
Notarisation
Not required
Also needed
two sets of agreement prepared and signed
Law it's drafted under
Governed by
Arbitration and Conciliation Act, 1996
Jurisdiction
India
Document info
GitLaw document. Document created on Fri Jun 26th, 2026. Last updated on Wed Jul 15th, 2026.
This document is public
Licensed under CC BY 4.0 (Attribution).
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