Toll Manufacturing Agreement

How to eSign a document: Sign Toll Manufacturing Agreement

[Music] thank you for joining us in the bioscience border today we're going to talk about contract manufacturing so this is something that is very useful if you are a doctor a veterinarian somebody who doesn't have access to the resources that's needed to go ahead and have the product that you want to bring to market fully manufactured by yourself now contract manufacturing can come in all sorts of different forms and so it's about putting you in touch with the right people to serve your need okay now how many steps are there when you're looking at contract manufacturing let's say your first step is that you want to make sure you know exactly what it is you need and you're finding the right people now you have to go out and you have to do some investigation and some searching in order to find the right people with the right specifications that you believe at the very beginning and so you need to do the search okay and so you need to know your capabilities so what are you looking for you need to know where so for instance if you have a product you're going to bring to market in one specific country then you want to want to make sure that you are looking for a manufacturer in that country whereas you don't want to go through importations exportations and transportation adding to the cost at the end for the end user and for yourself for cost of goods so once you have some ideas you're gonna wind up getting some conversations you're gonna talk to a variety of different people the next thing you want to be doing is you want to be signing some sort of a confidentiality disclosure agreement especially with those people to make sure that whatever you're talking to them about that they don't they don't they aren't able to go ahead and speak to another individual all right so once you've had some very basic conversations then what okay so next up you want to look about whether or not this is feasible so let's say I'm bringing something to market and I have a very specific set of parameters that I'm going to make use of in the manufacturing of this product and I have to meet certain regulatory guidelines does the manufacturer that I'm looking at and talking to actually have the capability in order to go ahead and do this this is really important because you will wind up finding that different organizations different manufacturers I really do have specialties within specific areas so maybe one manufacturer so for example you're talking to a plastics manufacturer but what they really do is more deal with medium-sized enterprises whereas you are a small enterprise but they will probably have the right contacts within the network to be able to get you to the person that would be the right fit for you so make sure you're open...