ARTICLE · 21 DECEMBER 2020
International Product Development Agreements: The Basics
Companies doing overseas contract manufacturing often "co-develop" products with their overseas manufacturers.
ChinaCorporate/Commercial Law
1. The Product Development Stage is
the Riskiest Stage of Manufacturing
Companies doing overseas contract manufacturing often
"co-develop" products with their overseas manufacturers.
In some cases, the company seeking a manufacturer has completed
product development and the only involvement from the manufacturer
will be to figure out how to manufacture the product at high
volumes. In other cases, the company seeking a manufacturer has
nothing more than a product "idea" and the manufacturer
will be responsible for taking the drawing on the napkin and
turning it into a commercial item. In the middle, both the
manufacturer and the company seeking a manufacturer contribute
technology and know-how to the product and the final product is
truly a blend of the two.
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