Tag: Contracts
China OEM Contracts
by Chris on Jul.07, 2009, under China, Contracts
China Law Blog had a good post the other day on China OEM agreements, including some interesting points on using Chinese as the official language and governing law/venue.
Importance of a Good Contract in China
by Chris on Jun.03, 2009, under China, Contracts
China Law Blog nicely summarized the crucial imporantance of a strong contract when dealing with China here. A few takeaways:
1. Chinese companies are not that different from U.S. companies in how they view contracts in many respects. For example, a strapped Chinese company might pay its Chinese vendors before its U.S. vendors, not because of culture, but because the Chinese ones can cause trouble more quickly. Same is true in the U.S.
2. If you don’t have a good contract, you’re dead if you end up in a dispute.
3. You are usually better off with a Chinese language contract that allows for litigation in China.
