What steps can I take to protect my intellectual property before signing a supplier agreement?
Keeping your intellectual property (IP) safe is a top priority when sourcing globally. Here’s how to lock it down:
- Register Your IP: File for patents, trademarks, and copyrights in the countries where you plan to manufacture and sell. It’s your first line of defense.
- Vet Your Supplier: Do your homework! Research the supplier to ensure they have a solid reputation and no history of IP violations.
- Sign a Strong Agreement: Draft supplier contracts with clear IP protection clauses, including penalties for unauthorized use or disclosure.
- Limit What You Share: Only share the essential details needed for production. Hold back full specs or sensitive data until you have legal safeguards in place.
- Use NDAs: If you’ve created a custom design or product, always sign a non-disclosure agreement (NDA) with your supplier before sharing drawings, documents, or ideas.
Taking these steps keeps your ideas safe and your products protected.
Find out more about how to protect your intellectual property in China here.