International Joint Ventures An international joint venture can provide a pathway to new markets, shared innovation, and the distribution of risks and resources. Yet, the allure of these global partnerships is matched by the complexity of their execution, where success hinges not merely on the alignment of business strategies but, more fundamentally, on the compatibility
Why a Trip to Your Overseas Factory is the Secret Weapon You Didn’t Know You Had Imagine shaking hands with the person who crafts your product, touring the bustling factory floor, and uncovering hidden opportunities for innovation. This isn’t a scene from a dream; it’s the reality of visiting your overseas manufacturer. For many businesses,
China Manufacturing Problems are Increasing Imagine investing millions of dollars into a product launch, only to receive defective or unusable goods from your Chinese manufacturer – a scenario that could cripple your business. Unfortunately, this nightmare is increasingly becoming a reality for many companies that rely on China manufacturing, without proper safeguards. The increasingly tense
Foreign Language Contracts are Key I must have told clients at least a hundred times in my career that “foreign language contracts are key.” In this post, I explain why I so often say this and why this is the case. The Complexity of Language in Legal Contexts One of the things I often do
Mastering International Payment Terms: Essential Strategies for Business Security International trade opens up a world of opportunities for businesses, but it also presents a minefield of risks, particularly with payment terms. Cross-border trade disputes commonly involve issues related to payment terms and conditions, and without proper safeguards, unfavorable payment terms can cripple a company’s cash
The Crucial Role of the Bill of Materials Manufacturing agreements between product buyers and their manufacturers typically come with all sorts of clauses dealing with choice of law, indemnification, time of delivery, failure rate, price, payment, and various other contractual provisions. The Bill of Materials can often make or break the success of a manufacturing
China Representative Offices With so many companies becoming reluctant to go “all in on China,” our China lawyers are seeing an increase in companies looking to just “dip their toe” into China via a Representative Office. Unfortunately, there are inherent limitations on China Rep Offices, and those limitations mean they seldom make sense for most
New AD/CVD Petition: 2,4-Dichlorophenoxyacetic Acid (2,4-D) On March 14, 2024, antidumping (AD) and countervailing duty (CVD) petitions were filed against imports of 2,4-Dichlorophenoxyacetic Acid (2,4-D) from the People’s Republic of China and the Republic of India. The petitions were filed by Corteva Agriscience LLC. 2,4-D is the active ingredient used in a wide variety of
Decoding U.S. Tariff Classifications – A Comprehensive Guide For businesses involved in international trade, effectively navigating U.S. custom regulations can lead to significant cost savings, compliance benefits, and a smoother trade process. A key component of this process is understanding tariff classifications. What is a Tariff Classification? Tariff classification assigns a unique code to every
Last week, I spoke at Brigham Young University’s annual China Conference, which is now in its eighth year under BYU professor Peter Chan. This year the conference’s theme was Peace Together: Continuing a Culture of Collaboration. Professor Chan has become a good friend over the past few years since I started attending the conference. He
