Episode #104: The Easiest Way To Protect Your Toy Idea That Most People Overlook with Dan Harris
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Want to know how to protect your products and intellectual property when dealing with Chinese manufacturers? Dan Harris, a lawyer who specializes in International law, with a focus on China, gives you extremely detailed insider tips in today’s episode. I learned a lot and I know you will too.
Dan tells you why you should go with an NNN agreement versus a typical NDA when dealing with Chinese firms. He also gives great details about the most common mistakes American inventors and toy companies make when dealing with Chinese factories. He also shares how to avoid getting banned by Chinese manufacturers. Dan gives cultural insight into things Americans might find strange when dealing with foreign companies, like a difference between what the company will agree to verbally versus in a contract.
This is a truly informative episode with extremely valuable information so make sure you take notes if you’re planning on working with overseas factories.
EPISODE CLIFF NOTES
Learn how Chinese contract enforcement differs from the US [00:02:13]
Learn what provisions to include in a contract to make a Chinese manufacturer most likely to adhere to the terms [00:09:43]
Learn how to avoid having your case paralyzed in Chinese courts if you need to sue [00:13:40]
Find out why solid contracts are more important for small and mid-size toy companies than huge ones [00:14:16]
Learn how long it takes to make a manufacturing contract using a lawyer [00:16:16]
Learn the 5 most important points to include in a manufacturing contract with a Chinese company [00:17:37]
Learn whether it’s better to work with a broker (or “trading company”) or directly with a factory in China [00:22:26]
Find out how to protect your IP when working with foreign manufacturers [00:26:34]
Learn why an NNN is better than an NDA when working with Chinese companies [00:29:00]
Find out why American companies don’t usually sign mutual NDAs [00:38:56]
Learn one major contract pitfall that could prevent you from receiving your settlement even if you win a civil suit against a Chinese manufacturer [00:41:07]