The formation of a business consists of setting goals and considering various issues such as tax implications and business management styles. Once a business is up and running, business transactions and contract drafting and formation are a large part of the growth of a company.
Recently, a Chinese electronics maker signed contracts with three California businesses to buy $6 billion worth of parts. The companies include Avago Technologies in San Jose, Qualcomm in San Diego and Broadcom in Irvine. They will provide microchips and other components to Huawei Technologies Co., which is one of the world’s largest providers of Internet and telecom technology. No information of cost was revealed about the contracts.