What Should a Buyer Check Before Agreeing to a Factory's Standard Terms?

Review standard terms for liability, acceptance, payment, ownership, delays, and dispute provisions.

Commercial terms should identify the contracting entities, covered products, responsibilities, and evidence of approval. Rights and remedies depend on the applicable agreement and law, so avoid assuming that a customary industry practice automatically creates the protection needed for a particular cross-border manufacturing relationship. Identify conflicts with negotiated commitments.