Legal Basis
Article 562 of the Civil Code of the People's Republic of China
The parties may terminate the contract by consensus.
The parties may agree on the reasons for one party to terminate the contract. When the reasons for rescission of the contract arise, the creditor can rescind the contract.
Article 566
After the contract is terminated, if the performance has not yet been performed, the performance shall be terminated; if the performance has been performed, the party may request restoration to the original status or take other remedial measures based on the performance and the nature of the contract. , and have the right to claim compensation for losses.
If the contract is terminated due to breach of contract, the creditor may require the defaulting party to bear liability for breach of contract, unless otherwise agreed by the parties.