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The '''Contract Law of the People's Republic of China''' is a law in the [[People's Republic of China|PRC]] that came into force on October 1, 1999. It is the main source of contract law in the PRC. The most recent version combines many parts of Chinese contract law that were previously parts of other substantive laws, and has led to increased legal uniformity. The law includes both general and specific provisions and also has the legal rules that relate to the formation, fulfilment and breach of contracts. The law allows for various different types of contracts that can be entered into. <ref name=":1"></ref>
"The principles of the freedom of contract, of good faith, and of the fostering of transactions have informed and guided the formulation of the Contract Law and are embodied in many of its major provisions."<ref>Hsu, C. Stephen. "Contract Law of the People's Republic of China." ''Minn. J. Int'l L.'' 16 (2007): 115.</ref>
The main purpose of the law is stated in Article 1, "This Law is enacted for the purpose of protecting the legitimate rights and interests of the parties to contracts, maintaining the socio-economic order and promoting the socialist modernization." <ref name=":0">Liquid error: wrong number of arguments (1 for 2)</ref>
Article 2 has the definition for an contract, "For the purpose of this Law, a contract means an agreement on the establishment, alteration or termination of a civil right-obligation relationship between natural persons, legal persons or other organizations as subjects with equal status. Agreements on establishing such personal relationships as marriage, adoption and guardianship shall be governed by the provisions of other laws." <ref name=":0" />
The '''Contract Law''' contains 23 chapters and 428 articles.The chapters deal with the following topics:
Chapter I - Common Provisions
Chapter II - Making of the Contract
Chapter III - Validity of the Contract
Chapter IV - Fulfillment of the Contract
Chapter V - Modification and Transfer of the Contract
Chapter VI - Termination of Rights and Obligations under the Contract
Chapter VII - Liability for Breach of Contract
Chapter VIII - Miscellaneous Provisions Specific Provisions
Chapter IX - Purchase and Sale Contracts
Chapter X - Contracts for the Supply and Consumption of Electricity, Water, Gas or Heat
Chapter XI - Donation Contracts
Chapter XII - Loan Contracts
Chapter XIII - Lease Contracts
Chapter XIV - Contracts for Financial Lease
Chapter XV - Work Contracts
Chapter XVI - Construction Project Contracts
Chapter XVII - Carriage Contracts
Chapter XVIII - Technology Contracts
Chapter XIX - Contracts of Deposit
Chapter XX - Warehousing Contracts
Chapter XXI - Entrustment Contracts
Chapter XXII - Brokerage Contracts
Chapter XXIII -Intermediation Contracts
<references />
"The principles of the freedom of contract, of good faith, and of the fostering of transactions have informed and guided the formulation of the Contract Law and are embodied in many of its major provisions."<ref>Hsu, C. Stephen. "Contract Law of the People's Republic of China." ''Minn. J. Int'l L.'' 16 (2007): 115.</ref>
The main purpose of the law is stated in Article 1, "This Law is enacted for the purpose of protecting the legitimate rights and interests of the parties to contracts, maintaining the socio-economic order and promoting the socialist modernization." <ref name=":0">Liquid error: wrong number of arguments (1 for 2)</ref>
Article 2 has the definition for an contract, "For the purpose of this Law, a contract means an agreement on the establishment, alteration or termination of a civil right-obligation relationship between natural persons, legal persons or other organizations as subjects with equal status. Agreements on establishing such personal relationships as marriage, adoption and guardianship shall be governed by the provisions of other laws." <ref name=":0" />
The '''Contract Law''' contains 23 chapters and 428 articles.The chapters deal with the following topics:
Chapter I - Common Provisions
Chapter II - Making of the Contract
Chapter III - Validity of the Contract
Chapter IV - Fulfillment of the Contract
Chapter V - Modification and Transfer of the Contract
Chapter VI - Termination of Rights and Obligations under the Contract
Chapter VII - Liability for Breach of Contract
Chapter VIII - Miscellaneous Provisions Specific Provisions
Chapter IX - Purchase and Sale Contracts
Chapter X - Contracts for the Supply and Consumption of Electricity, Water, Gas or Heat
Chapter XI - Donation Contracts
Chapter XII - Loan Contracts
Chapter XIII - Lease Contracts
Chapter XIV - Contracts for Financial Lease
Chapter XV - Work Contracts
Chapter XVI - Construction Project Contracts
Chapter XVII - Carriage Contracts
Chapter XVIII - Technology Contracts
Chapter XIX - Contracts of Deposit
Chapter XX - Warehousing Contracts
Chapter XXI - Entrustment Contracts
Chapter XXII - Brokerage Contracts
Chapter XXIII -Intermediation Contracts
<references />
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