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The Auto Consignment Agreement is a crucial document used in the Philippine automotive market when vehicle owners wish to sell their vehicles through professional dealers rather than handling the sale directly. This agreement, governed by Philippine law and regulations, establishes a legal framework for the consignment relationship, protecting both the consignor's ownership rights and the consignee's commercial interests. It addresses key aspects such as vehicle valuation, commission structures, sales procedures, and risk allocation, while ensuring compliance with local transportation regulations and consumer protection laws. The document is particularly relevant in scenarios involving luxury vehicles, classic cars, or when owners prefer professional handling of the sales process. The agreement incorporates requirements from various Philippine regulatory bodies, including the Land Transportation Office and consumer protection agencies.

1. Parties: Identifies and provides complete details of the consignor (vehicle owner) and consignee (dealer), including business names, addresses, and registration details

2. Background: Explains the context of the agreement, including the parties' business relationship and general purpose of the consignment arrangement

3. Definitions: Defines key terms used throughout the agreement to ensure clear interpretation

4. Subject Matter: Detailed description of the vehicle(s) being consigned, including make, model, year, VIN, and condition

5. Term and Termination: Specifies the duration of the consignment period and conditions for termination

6. Consignment Terms: Details the pricing structure, commission rates, and payment terms

7. Responsibilities of Consignee: Outlines dealer's obligations including vehicle display, maintenance, insurance, and sales efforts

8. Responsibilities of Consignor: Specifies vehicle owner's obligations including documentation, warranties, and disclosure requirements

9. Vehicle Condition and Maintenance: Establishes standards for vehicle maintenance during consignment and handling of repairs

10. Insurance and Liability: Specifies insurance requirements and allocation of risks between parties

11. Sales Process: Details the procedures for vehicle showing, price negotiation, and sale completion

12. Payment Terms: Explains the handling of funds, timing of payments, and commission calculations

13. Representations and Warranties: States the parties' assurances regarding their authority and the vehicle's condition

14. Governing Law: Specifies that Philippine law governs the agreement and details jurisdiction for disputes

15. General Provisions: Standard contract clauses including notices, amendments, and severability