"Manufacturing startup growth platform, specializes in reviewing OEM product supply agreements."

Law firm Veat provides OEM product supply agreements drafted in response to a request from A Company (hereinafter “Client”), a leading manufacturer startup.

Law firm Veat Startup Advisory Team has established provisions regarding minimum order quantities and deadlines to ensure contract stability, carefully reviewing the supply agreement.

The Startup Advisory Team provides specialized advice for startups, drafting provisions to avoid customer liability for defects occurring after inspection and delays caused by the shipping company’s reasons.

In particular, Law firm Veat Startup Advisory Team comprehensively reviewed and explained provisions relating to the “Act on Promotion of Competition and Fair Trade” (“Competition Act”) regarding pricing maintenance behaviors or restrictive contract behaviors concerning resale prices.

Startup Advisory Team’s professional examination of anti-competition Act violations

Pricing maintenance refers to an act in which a business engaged in producing or selling products mandates or recommends sales at a specific price to resellers. Such actions generally violate the principle of businesses determining their own prices at each stage of the transaction, so pricing maintenance can cause problems such as reduced efficiency of distribution organizations, restrictions on competition among manufacturers, and limited consumer choice. However, it is also recognized as an exception under specific circumstances and conditions.

Law firm Veat Startup Advisory Team provides legal advice based on its deep understanding and professional expertise regarding violations of the “Competition Act” such as pricing maintenance behaviors, considering the characteristics of the client, and helping to minimize legal risks that may arise from contract drafting.

When manufacturing companies grow through mutual cooperation, OEM supply agreements play a key role. An OEM agreement is a contract in which another company manufactures products that can be sold under its own brand name, so detailed legal review and drafting of the OEM agreement are necessary.

Diverse business models and characteristics – Law firm Veat Startup Advisory Team

Law firm Veat Startup Advisory Team provides legal advice considering the diverse business models and characteristics of startups.

The Startup Advisory Team assisted in drafting a joint venture agreement for collaboration between clients and influencers, in which the client is responsible for all aspects of product production, distribution, and delivery under its own brand and all related rights are transferred to the client.

Law firm Veat clearly defines the rights and obligations of both parties, the client and the influencer, and provides assistance to ensure smooth collaboration while benefiting the client.

For a startup to take the next step, it is important to prepare a correctly drafted contract to establish a successful foundation. Law firm Veat Startup Advisory Team has been working with diverse startups and growing with them, providing specialized legal services based on its expertise in startup legal advice.

If you need professional legal advice on OEM supply agreement drafting and review, as well as various other legal issues for stable business operations, please contact Law firm Veat.

Thank you.

Law firm Veat