Document background
The Tooling Agreement is essential for manufacturing relationships where specialized tools, dies, molds, or equipment are required for production processes. This document, governed by Hong Kong law, is typically used when a company needs to commission, purchase, or use specific tooling for manufacturing products, establishing clear ownership rights, maintenance responsibilities, and usage terms. It becomes particularly important in scenarios involving significant investment in custom tooling, where intellectual property protection is crucial, or where the tooling will be housed at a supplier's facility. The agreement addresses key commercial and legal considerations under Hong Kong's legal framework, including quality standards, technical specifications, and risk allocation between parties.
