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Oe Op

OEM Original Equipment Manufacturing

Type of contract whose purpose is to offer a guarantee to foreign companies subcontracting their manufacturing in China that the manufactured products comply with certain technical and commercial requirements, and also that the Chinese manufacturer complies with the confidentiality and…

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Open-end contract

A contract by which the buyer may purchase the seller´s goods at any time within a specified period without changes in the price or other contract terms.

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