So how are contracts and the T&C's generally setup between say the frame and the component manufacturers? Are there boilerplate provisions or protections in place for a "bike" company since they are heavily reliant on the overall quality and function of a secondary parties parts? Do these general contractual protections not exist for some reason? I wouldn't be comfortable OEM spec'ing parts without a reasonably fair contract. Perhaps the major suppliers are so large relatively to most everyone else that it's kind of a take it or leave it deal?
If it is perhaps the latter, then are there corporate insurance products or ones that could be created to protect a 'bike' company from the fallout and costs associated with what I suppose I'll call 'bad' product? Likewise could a shop purchase something similar to protect themselves if manufacturers, both bike and component, are leaving them in a lurch?
I'm genuinely curious how common some of this is in the cycling world since it is reasonably standard fair in other walks of business. Perhaps it's similar to how everyone else operates? Larger and prudent component, bike, and shop businesses consider these things and others neglect too at the cost of increased risk to themselves and collateral that could affect the consumers?
If it is perhaps the latter, then are there corporate insurance products or ones that could be created to protect a 'bike' company from the fallout and costs associated with what I suppose I'll call 'bad' product? Likewise could a shop purchase something similar to protect themselves if manufacturers, both bike and component, are leaving them in a lurch?
I'm genuinely curious how common some of this is in the cycling world since it is reasonably standard fair in other walks of business. Perhaps it's similar to how everyone else operates? Larger and prudent component, bike, and shop businesses consider these things and others neglect too at the cost of increased risk to themselves and collateral that could affect the consumers?
