Touch Law Firm's Legal Service Help You Get Safe from Trading Risks

During the process of expanding their business, companies might often suffer from legal risks that could be otherwise prevented. The following case shows how we exactly do to help our client to avoid such risks and solve the problem.

The Problem:
Mr. A entered into contract with Trading Company B, placing an order for a number of goods, the total value of which amounts to RMB 230,000. But at the same time, Company B signed a purchase agreement with Factory C.

Solution:
By taking our legal advice, Mr. A signed a trilateral trade agreement with both Trading Company B and Factory C. The agreement stated as follows: Factory C should deliver the goods to Mr. A once Mr. A finishes the payment to Trading Company B. As promised, Factory C cannot conduct any delay in deliver or non-delivery to Mr. A even when Trading Company B does not complete the payment to Factory C.

After signing the contract, Mr. A paid for the purchases to Trading Company B as promised. But Company B has only made a deposit to Factory C. Because Company B was suffering from a loss and did not have extra money to pay the final payment to Factory C. Luckily, with the trilateral agreement, Mr. A has the right to receive the goods from Factory C.

Now you might have a more profound understanding about the trading risks. Our lawyer's will assist you in drafting and reviewing your contracts in accordance with the laws and regulations in China to ensure that the terms and conditions stipulated in your contract can maximize your best interests. Touch Law Firm make your business easy!

If you are interested in our legal service, do not hesitate to contact us at (+86)20-8355 5515 or email to info@touchlawfirm.com

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Let's Get Safe from Trading Risks