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Supply chain considerations for firearms industry members break down into two key relationships: your customers and your vendors. Ensuring that you have the components and other.
Business owners are aware that detailed contracts are the best way to reduce risk in each transaction. However, for companies with quick customer turnover, frequent orders, or regular modifications to orders, the cost to have a contract specific to the customer and the project may be prohibitive. Many of our clients come to us because they have a dispute over invoices which form the agreement between the parties. Sometimes invoices have different terms, or no terms at all, depending on what processes and formalities the company has in place. Even those invoices containing terms, however, provide only limited protection against default. Only so many terms can be printed on an invoice before becoming the not-so-hyperbolic “fine print -” and unless each invoice is signed, the terms may be harder to enforce.