How to negotiate a purchase contract with China suppliers properly? Part 3

Filed Under Contract & Dispute  | Leave a Comment |  Viewed by:15917 Persons

(6) dispute settlement a. Lawsuit or arbitrationThe question for dispute settlement is lawsuit or arbitration. When I just graduated from law school and joined a big import & export company, I was asked by the general manager to review their sales contract. The first thing I noticed on the contract was […]

How to negotiate a purchase contract with China suppliers properly? Part 2

Filed Under Contract & Dispute  | Leave a Comment |  Viewed by:18784 Persons

(3) price or remunerationFactor in the rapid appreciation of RMB(Chinese Yuan) against USD and other main foreign currencies when you are negotiating the price and contract. The currency exchange rate should be based on the currency exchange rate chart provided by Bank of China(BOC).  I am going to w […]

How to negotiate a purchase contract with Chinese supplier properly? Part 1

Filed Under Contract & Dispute  |  5 Comments |  Viewed by:32372 Persons

I was approached frequently by buyers ripped off by Chinese suppliers. Oftentimes when I ask them to send me the purchase contract they signed with the suppliers, some of them will send me proforma invoice(PI), and some will say, no I don't have a contract or PI, I keep the receipt that I sendin […]