What does “OEM” stand for? If you don’t know the answer (for the record, it’s an acronym for “original equipment manufacturer”), then you may not have a chance being hired as an in-house attorney in the automotive industry, according to the folks at Foley & Lardner. John Trentacosta, Vanessa Miller and Andrew Fromm write in a recent post that “suppliers should not rely solely on legal recruiters or human resources” to find the right people for the job. Instead, they’ve compiled an industry-specific list of questions.
Here are some questions candidates for any automotive in-house job should be able to answer: What is sole-source? What are some common ways tooling is paid for in the industry? What is a demand for adequate assurance of performance? They also recommend lawyers looking to work in the industry read up on directed suppliers, development cycles and accommodation agreements.
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