85-5 |
|
K. M. COPP, Shefsky & Froelich Ltd., 444 N. Michigan Ave., Ste. 2500, Chicago, IL 60611-3997 Today a company that does not outsource a part of its production is rare. Successful contract manufacturing can reduce costs, diversify business risks, improve time to market and increase a company’s cash flow. Contracts for manufacturing, however, can be littered with pitfalls which could cause significant delays and liability if not properly addressed. Risks can be lessened if the company negotiates clear and comprehensive contracts. This presentation will explore some of the most critical provisions contained in manufacturing contracts. The presentation will highlight important provisions such as: product specifications and standards, delivery, pricing and payment considerations, insurance, warranty and indemnification provisions, purchase and capacity requirements, intellectual property protections, non-competition agreements and contract termination and dispute resolution provisions. These are important provisions which if not properly negotiated and carefully drafted could have far-reaching adverse consequences. Whether you are a contract manufacturer or a business seeking a contract manufacturer, this presentation will provide valuable information and insight to assist you in negotiating your manufacturing contracts.
Session 85, Contract manufacturing: How to select and improve outsourcing partnerships - Beyond the contract
|