This is a guest post from Renaud Anjoran. Renaud runs a product quality inspection business in Shenzhen and he also writes the truly excellent and perinially helpful Quality Inspection Tips. My firm has worked with Renaud on a number of China product matters and we have consistently found him to be highly knowledgeable about… Continue Reading
Tag Archives: payment terms
China Manufacturing Payment Terms. Limit Your Risks.
Posted in China BusinessBy: Steve Dickinson Many companies continue to purchase container load quantities of product from small manufacturers located on the southern coast of China. This trade has developed a standard form of payment, often termed 30/70 TT. This means: 30 percent down payment on placement of the order, with the remaining 70% due upon shipment. This… Continue Reading
Selling Product And Services INTO China. It’s The Payment Stupid.
Posted in Legal NewsWith President Obama talking about doubling U.S. exports and with China’s economy booming, it seems appropriate to talk about what should go into a sales contract with China, when you, the foreign company, are the one doing the sale. The big thing — almost, but not quite the only thing — in such a transaction… Continue Reading
China Outsourcing 101. The Legal Basics.
Posted in Basics of China Business LawThis latest recession has only caused even more small and medium sized businesses to look to cut costs by outsourcing their product manufacturing to China. Unfortunately, many of these companies now engaging in OEM (original equipment manufacturing) outsourcing to China are failing to take some or all of the minimal legal steps necessary to protect… Continue Reading
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