You want to ensure your sales contract, or purchase order terms, specifically states that the buyer is required to pay all taxes, duties and other governmental charges in connection with the sale, purchase, delivery and use of any of the goods (except for taxes based upon your business’ net income).business loan

With ever more demanding and less loyal customer, global sourcing to low cost countries, lessening profit margins and shortening of product life cycles, firms across the world have taken cost reduction in a big way to stay competitive and at the same time maintain the expected service level to the customers.business loan

The corporate bankruptcy is carried out under the corporate public policy of the corporate Federal Government in corporate Washington D.C. The states use state public policy to carry out Federal public policy of Washington D.C. Public policy and only public policy is being administered against you in the corporate courts today.business loan

Your sales contract or purchase order terms should also state that in the event the Buyer elects to terminate the contract that your business is entitled to recover money damages, including: (a) the cost of the work in process; (b) the cost of the raw materials utilized; (c) and a certain reasonable amount for lost profits and reasonable overhead.

A typical product would go through many activities – it might start life in the marketing function, and then go through conceptual design, engineering design and analysis, testing, detailed design, manufacturing engineering, process planning, tooling, production planning, purchasing, machining, assembly, testing, packaging, installation and maintenance.