(1) If the promoters sign a contract in their own name for the purpose of establishing a company, the people's court shall support it if the other party of the contract requests the promoters to bear the contractual responsibilities.
(2) After the establishment of the company, the contract signed by the promoters in their own name is confirmed, or the company has actually enjoyed the contractual rights or performed the contractual obligations, and the debts arising from the contract shall be borne by the company.
(3) The promoters sign contracts with foreign countries in the name of the company under establishment. After the establishment of the company, the debts arising from the contract shall be borne by the company. However, after the establishment of the company, there is evidence to prove that the promoters signed a contract with the counterpart in the name of the established company for their own interests, and the company can claim not to bear the contract responsibility on this ground, unless the counterpart is in good faith.
(4) If the company is not established for any reason, all or part of the promoters shall be jointly and severally liable for the expenses and debts arising from the establishment of the company.
Legal basis: Article 94 of the Company Law of People's Republic of China (PRC), the promoters of a joint stock limited company shall bear the following responsibilities:
(1) When the company cannot be established, it shall be jointly and severally liable for the debts and expenses arising from the establishment;
(2) When the company cannot be established, it shall be jointly and severally liable for the return of the share capital paid by the subscribers, plus the interest on the bank deposits for the same period;
(3) If the interests of the company are damaged due to the fault of the promoters during the establishment of the company, it shall be liable for compensation.