2) List ten areas of consideration Semicontronics should include in their contract to have Singatron manufacture computer chips.

 

Ten areas of consideration Semicontronics should include in their contract to

have Singatron manufacture computer chips.

Step-by-step explanation

1.      The quality of the product

2.      The exchange rate and pricing should be included

3.      The delivering of the product; The date and the mode of delivery

4.      The methods of payment; the time of payment, the party to pay and the amount of payment to be made.

5.      The documentation requirements such as the Purchase Order among others

6.      The trade secrets and the profit margin should be kept confidential

7.      Information regarding the packaging of materials.

8.      Incoterms (International Commercial Terms) should be mentioned where applicable according to the mode of transportation

9.      The conditions of the goods; might include conditions to be met for the goods to be received or else terms of rejecting goods.

10.  They must provide the details in regards to insurance and its obligations to each party