As a businessman, what you are thinking about maybe how can you take advantage of China's lower costs and the prospect of over 1 billion new consumers while minimizing risk? The following are some tips suggested by professional Business law firms in Shenzhen china.
1. Start a small business and be tough when deal with them. That is to say you can test your Chinese partners with “a small, low-risk project to set a high bar for quality and timing.”
2. Get everything in writing. That is to say you should have written documents. You have to make sure that the contract is “spelled out in both English and Chinese, and clearly states the product specifications, the quality requirements, the trade secrets policy, and so forth.”
3. Remember a written contract is just the beginning of the conversation between you and your Chinese partners. In China a contracts is “an exercise meant to help the two sides understand the dynamics and expectations of the relationship—not to determine a hard and fast set of deliverables.”
4. Remember do not let your Chinese partner get away with things personally. That is to say you should “Let the Chinese partners know you know what’s going on.
5. The last but not the least you should get to know your Chinese partners as well as their friends, which mean that it is important to gaining importance as a community member, and gaining importance as a business partner, too. The above are professional advices coming from experienced Immigration law firm.
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