U.S. companies, particularly startups, often fail to protect their intellectual property through product development agreements when they outsource product development in China. This is a “big mistake,” according to a recent blog post by attorneys at Harris & Moure.
The authors say beware of Chinese manufacturers who offer to do product development work for free. “Chinese manufacturers usually prefer to cover all of the costs of product development because they want to own the resulting product,” they write. Not realizing this, U.S. companies often make the mistake of agreeing, figuring they can save money in the short term.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
