According to Article 107 of the Contract Law of People's Republic of China (PRC), if a party fails to perform its contractual obligations or fails to meet the contract, it shall bear the liabilities for breach of contract such as continuing to perform, taking remedial measures or compensating for losses.
Related information introduction:
With the development of society, the connotation of responsibility is constantly developing. The great practice of reform, opening up and modernization has endowed the responsibility with increasingly rich content of the times. A responsible big country, a responsible government and a responsible citizen-China is presented to the world with a more vivid image. The ability of responsibility simply refers to a person's ability to take responsibility for his illegal behavior. Different legal departments have different definitions of responsibility ability.
The capacity for civil liability refers to the legal status or legal qualification of the civil subject to bear civil liability independently. The ability of criminal responsibility refers to the ability of the actor to correctly understand the nature, significance, function and consequences of his own behavior, and consciously choose and control his own behavior according to this understanding, so as to bear criminal responsibility for the behavior that harms society prohibited by his criminal law.