Okay, so you’ve created a product, found a great factory to make it, and you’re ready for a full production run. This is an exciting moment. It’s also the scariest moment for product entrepreneurs getting a product made for the first time. Even veteran product professionals get nervous when going into production on a new product for the very first time. It is hard to anticipate every issue that can arise and it can take time to get it right.
You will probably have a significant amount of money on the line and cannot afford to get bad product or to miss your deadlines. However, mistakes do happen. This is where a production agreement with your factory comes into play. Not signing a legally binding factory agreement is one of the biggest and most common mistakes that entrepreneurs make when manufacturing overseas.
CEO of Blacksmith, Brian Sather, explains in this video what should be included in a factory agreement.
If you have questions about manufacturing a product, Contact Us today to speak with a product design and manufacturing expert.