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This post is nothing more than described in the title. It focuses on what you typically should do by way of contract signing formalities for your China NNN Agreement. It answers the following question we frequently get from our blog readers and from our own clients: What exact steps should I take to get a China NNN Agreement signed?
The below is the typical response from our China lawyers:
The next step is to send this bilingual
agreement to the Chinese side for review. If the Chinese side accepts
all terms you should sign, date and then submit the contract to the
Chinese side. Then don’t do anything — and especially do not send
any confidential information regarding your product or your molds —
until the Chinese side returns with a fully executed version, that it
has signed, dated and chopped. You will want to make sure the exhibit
listing your confidential information is properly filled out and dated,
signed and chopped by the Chinese side. And you want to make sure of
this not only at the time of first execution, but also every single time
a new product item or a new mold item is entered onto the record. For
your own protection, you will want to make sure you in the end hold on
to at least one original, fully executed agreement.
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