Red Flags

When you are near to any of the following red flags,my friends ,TAKE CARE.

In the larger scheme, the points below warrant caution and more thorough partner and/or transaction due diligence.

·         Unfamiliarity with the product application.

·         Limited details or unwillingness to provide information on the project in which the materials will be applied or the end user.

·         Discrepancies on business cards that cannot be clarified.

·         Incomplete information on the purpose of the ‘fees’ outlined in the contract

·         Inability to specifically explain the regulations or government entities that are allegedly imposing certain fees.

·         Offers to sell certain internal government information or sensitive commercial information

·         Rented cell phones.

·         Location of office space in residential areas.

·         Less than one year of operation history with very young leadership.

·         Insistence on paying for a banquet in cash to the Chinese entity prior to concluding contract.

·         Cash requested for cost of hosting a banquet is far in excess of typical costs.  [While banquets are a traditional business activity, the U.S. entity can arrange for a banquet through their hotel.

·         Unusually large product volume or urgency to purchase.

·         Insistence that the contract is only legitimate if signed in China.

·         Requests for an invitation letter to visit the U.S. facility prior to any substantive communication about purchase terms or exchange of company background information.

·         Insistence upon attending a banquet prior to concluding a contract later in the evening.

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