The topic of money always comes up early in production planning. That’s why supplier contract negotiations are a so important to the manufacturing process. As a result, a variety of contract negotiation strategies exist. Anyone who has encountered a contract drafting process will know contract negotiations are long and drawn out. You can be confident your best interests will be protected at all times when we finalize contract terms.
We believe a successful supplier contract negotiation should document three main aspects: your product details, the factory lead time, and the product pricing. Firstly, closely scrutinizing the product details during the contract drafting phase protects your interests. Secondly, checking the production timeline against what the factory estimates gives an accurate understanding of your schedule. Thirdly, getting the product costs in advance lets you create a clear budget.
The safety of your investment is our top priority and the factory contract negotiation phase is a vital part of our services. We pride ourselves on negotiating contract terms specific to our clients’ needs. Intrepid Sourcing’s understanding of Asian business culture and legal systems lets us negotiate business contracts which secures the best possible deal.
In China, businessmen usually don’t negotiate business contracts; instead, they use long-standing relationships that grow over time. Even when negotiating contract terms, contracts often lack the specificity desired by Western firms. Our employees are immersed in Chinese contract negotiation strategies which gives us an advantage when dealing with white label and OEM suppliers. Similar examples apply to all Asian countries. With our aid, your company will be able to avoid production problems from misunderstanding to fraud.