Legal basis: Civil Code of People's Republic of China (PRC).
Article 465 A lawfully formed contract shall be protected by law.
A legally established contract is legally binding only on the parties, except as otherwise provided by law.
Article 470 The contents of a contract shall be agreed upon by the parties, and generally include the following clauses:
(1) The name and domicile of the party concerned;
(2) Subject matter;
(3) quantity;
(4) quality;
(5) Price or remuneration;
(6) Time limit, place and method of performance;
(7) Liability for breach of contract;
(8) Methods for resolving disputes.
The parties may conclude a contract by referring to the model texts of various contracts.