Manufacturing Agreement With Chinese Company In Pima
Description
Form popularity
FAQ
What Is an NNN? NNN stands for non-disclosure, non-use and non-circumvention. This type of contract includes provisions for financial damages if a business partner reveals or uses the confidential information you've provided to benefit any business aside from yours.
Non-disclosure can be too loosely interpreted and does not protect all of your interests in China. However, non-disclosure/non-use/non-circumvention agreements (NNNs) can be used in China as a more all-encompassing document to protect trade secrets, proprietary information, and confidential information.
Online Directories: Use platforms like Alibaba, Global Sources, and Made-in-China to find manufacturers. Trade Shows: Attend trade shows such as the Canton Fair to meet suppliers in person. Industry Associations: Check with industry associations for recommended suppliers.
Your manufacturing contract should include: intellectual property (since the contract manufacturer(s) will be producing your proprietary creation). an assessment of manufacturing costs. clearly-written obligations of both parties. liabilities. product quality standards (if a quality control clause is included).
To be considered legally valid, a contract must meet certain criteria, such as mutual assent, consideration, capacity, and a legal purpose. However, it is possible to create a legal contract without hiring a lawyer. Seeking lawyers is customary but not necessary.
An NNN agreement is a specialized legal contract used predominantly in China and Vietnam to protect businesses from various risks associated with outsourcing production and sharing sensitive information. The acronym NNN stands for Non-Disclosure, Non-Use, and Non-Circumvention.
Manufacturer in China – How to Establish a Reliable Connection Finding Chinese manufacturers. Your business contacts. The internet. Contacting the supplier. Meet and greet at trade fairs. Sourcing agents. The all-important factory audit. The golden sample before mass production.
One of the most prominent examples of contract manufacturing is an original equipment manufacturer called Foxconn, a Taiwanese contract manufacturer that specializes in electronics. They have work with some of the largest companies in the United States like Apple, Xbox, and Amazon.
An “NNN” agreement is short for Non-Disclosure/Non-Use/Non-Circumvention agreement, which means the information cannot be shared with anyone, it cannot be used in any way, and “behind-the-back” or design around tactics are forbidden.
In its most basic form, contract manufacturing is when one business agrees to assist in the production of goods for another business. The arrangement could be limited to producing certain components, such as equipment faceplates or control panel overlays, or it could entail complete start-to-finish manufacturing.
