Consignment and title finance covers arrangements where goods are delivered to a seller or consignee for sale or storage, with the seller retaining title until payment or a return event occurs, and where lenders secure a loan by a security interest over such goods. A solicitor drafts and negotiates consignor and consignee terms, buys and sells documentation, registers security interests, and advises on risk, insurance, and remedies on default. The work often involves reviewing delivery, risk transfer, and title clauses, plus drafting notices and perfection steps to protect the lender or seller.
What a solicitor handles in these matters
The solicitor handles the drafting and perfection of retention-of-title clauses, the structuring of security over movable goods, and coordination with commercial contracts, delivery and risk provisions, insurance, and enforcement steps upon default or insolvency. They deal with lenders, suppliers, and buyers, and ensure that titles and liens are legally enforceable across jurisdictions and through insolvency scenarios.