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The Toll Manufacturing Agreement is essential for businesses looking to outsource their manufacturing processes while maintaining control over product specifications and quality. This agreement, governed by Hong Kong law, is particularly relevant in today's global supply chain environment where companies seek to optimize production costs while maintaining quality standards. It details the manufacturing relationship where one company (the toll manufacturer) processes raw materials or semi-finished goods for another company (the product owner). The agreement covers crucial elements such as manufacturing specifications, quality control procedures, intellectual property protection, material handling, pricing structures, and compliance with Hong Kong regulations. It's commonly used when companies want to leverage external manufacturing capabilities without investing in their own production facilities, or when they need additional manufacturing capacity.
