Document background
The Consignment Receipt is a vital document used in Hong Kong business transactions where goods are placed in the possession of another party for sale without transferring ownership. This document type is essential when businesses or individuals want to sell products through a third party while retaining ownership until the final sale. The receipt, governed by Hong Kong law, serves multiple purposes: it documents the exact items received, their condition, and value; establishes the terms of the consignment arrangement; and protects both parties' interests. It's particularly important in sectors such as retail, art, and luxury goods, where high-value items are often sold on consignment. The document should comply with relevant Hong Kong legislation, including the Sale of Goods Ordinance and Factors Ordinance, while providing clear documentation of the consignment arrangement terms.
