2014 is fresh and so the scams will be too. Make sure you’re prepared. Here’s four ways you can best protect yourself.
- Be sure to register to your IP. China recognizes IP if it’s registered in China and not if it’s on the market or already registered in your home country.
- Find the right contract that fits you and your supplier. There are many different contracts to choose from and you should always know what you are signing to. In a Chinese court, Chinese is the only language allowed during a court hearing.
- Do your Due Diligence. Before you send money to that perfect supplier you found via internet, do a little research. You can always hire someone to call the supplier beforehand to confirm they are legitimate or make sure the name is in Chinese characters, this will almost always confirm whether they are real or fake.
- When all else fails having a simple retainer. Doing business in China can be difficult and scary but having a lawyer on call definitely lessens the burden.
Finally, “proper prior preparation prevents poor performance.”
Happy 2014 from all of us at Asiabridge Law!