JunZeJun Law Office: New Law Express No.6, 2020
The latest New Law Express No.6, 2020 released by JunZeJun Law Office provides an Interpretation of the Civil Code on Contracts Part.
Overview of the Civil Code
Adopted by the third Session of the 13th National People’s Congress of the People’s Republic of China, the Civil Code of the P.R.C. was promulgated on May 28, 2020 and takes effect on January 1st, 2021. There are seven parts constituting the Civil Code: the General Principals, Real Rights, Contracts, Personality Rights, Marriage and Family, Succession and Tort Liability, in addition to the Supplementary Provisions. While maintaining the basic civil system set up by the previous laws, the Civil Code makes significant progress by further highlighting the autonomy of private law as the core idea of civil law and through providing more effective protection of the economic life of citizens and enterprises. The modification of the Contracts Part has a significant influence on the daily operation of enterprises as well as the commercial disputes resolutions. In this issue of the New Law Express, we would mainly introduce the key contents of those revision and new additions, and make a primary analysis of the impact of these revisions on the conclusion and performance of a contract.
Key Content
I. Improving the regulations of the conclusion and delivery of electronic contract
II. The precedence of general guarantee in a guarantee contract
III. Rules of standard contract terms have been revise
Click here to read the full New Law Express No.6, 2020.
