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No matter what agreement you put in place are you in a financial position to folow through if they just give you the proverbial two fingers?I have a small company and recently obtained quotes from a Company in Taiwan who can make my products for me. As is usual in these cases, the company need a contribution toward 'Tooling' and we will retain ownership of said 'Tooling'
Given that the tooling (USD 12,000) will be in this plant in Taiwan and that our company is here in Ireland, how can be be sure of retaining ownership of the goods?
Should we have the Goods Invoiced to us here in Ireland but delivered to the Plant in Taiwan?
If ever the relationship/partnership with this company breaks down, are there ways of protecting our ownership of the tools?
Any information would be helpful before we start entering contacts etc.
Thanking you in advance.
From various enquiries made, it appears fairly standard that you make a Contrbution toward tooling (USD 12,000 in this case) when securing manufacturing in the East. Whether it reflects value or not can only be assessed on a case by case basis. In our case, the products are extremely difficult to make and we have had enormous difficulties in having the goods made in Europe - hence the search out East.
I reckon we could always get the proverbial 'two fingers' and I don't know if there is any protection that you can get hence the initial Post.
It's a bit of a shot in the dark but 'he who dares wins!' so will have a crack at it anyway.
Thanks again.
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