London-based law firm Adam Bernard Solicitors understands the manufacturing industry, the decline of manufacturing in the UK, the lack of ability to recruit younger people, manufacturers moving abroad due to lower costs and the impact Brexit has had on manufacturers. Despite the decline since 1970s when manufacturing 25% of UK Gross Domestic Product (GDP) there has been an increase in the UK’s industrial sector by 1.4% since 1948.
We offer a range of manufacturing industry specific contracts such as:
The clauses which you should look out for in your manufacturing contract are but not limited to:
1. The Licence – this will be the purpose of the contract. What do you need to fulfil by the end of the contract
2. Duration – how long do you have to fulfil the obligation of the contract
3. Pricing and Royalties – how much would you be getting paid for the manufacturing process and do you have the right to sell the goods
4. Payment – if you are buying goods, you would normally want to pay on receipt of the delivery or could have a clause which includes instalments of when payment(s) should be made
5. Improvements – there may be a clause which states either party may need some alteration to the goods
6. Termination – if you want the contract to come to an end a termination clause would be useful however, you should not want to terminate the clause just because you want to there should be a valid reason for this such as manufacturing failed to compile with the needs of the consumer.
Call us now to get in touch with one of our expert Manufacturing Contracts Lawyers on 0207 100 0505.
We can also review and advise on agreements you are being asked to sign, renegotiate new terms on existing agreements and contracts or draft entirely new contracts.