【正文】 s Right to Cancel Manifestly Unreasonable Act by ObligorWhere the obligor waived its creditor39。s right against a third person that was due, thereby harming the obligee, the obligee may petition the People39。s partial performance, except where such partial performance does not harm the obligee39。s early performance, except where such early performance does not harm the obligee39。(iii) It has lost its business creditworthiness。(iv) If the time of performance was not clearly prescribed, the obligor may perform, and the obligee may require performance, at any time, provided that the other party shall be given the time required for preparation。(ii) If price or remuneration was not clearly prescribed, performance shall be in accordance with the prevailing market price at the place of performance at the time the contract was concluded, and if adoption of a price mandated by the government or based on government issued pricing guidelines is required by law, such requirement applies。 Performance in Good FaithThe parties shall fully perform their respective obligations in accordance with the contract. The parties shall abide by the principle of good faith, and perform obligations such as notification, assistance, and confidentiality, etc. in light of the nature and purpose of the contract and in accordance with the relevant usage.Article 61 Indeterminate Terms。s cancellation right is extinguished in any of the following circumstances:(i) It fails to exercise the cancellation right within one year, mencing on the date when the party knew or should have known the cause for the cancellation。(ii) the contract was grossly unconscionable at the time of its conclusion.If a party induced the other party to enter into a contract against its true intention by fraud or duress, or by taking advantage of the other party39。s liability for personal injury caused to the other party。(ii) The parties colluded in bad faith, thereby harming the interests of the state, the collective or any third party。 Liability for Disclosure or Improper UseA party may not disclose or improperly use any trade secret which it became aware of in the course of negotiating a contract, regardless of whether a contract is formed. If the party disclosed or improperly used such trade secret, thereby causing loss to the other party, it shall be liable for damages. Chapter Three Validity of ContractsArticle 44 Effectiveness of ContractA lawfully formed contract bees effective upon its formation. Where effectiveness of a contract is subject to any procedure such as approval or registration, etc. as required by a relevant law or administrative regulation, such provision applies.Article 45 Conditions Precedent。s attention to the provision(s) whereby such party39。 Electronic MessagesThe place where the acceptance bees effective is the place of formation of a contract.Where a contract is concluded by the exchange of electronic messages, the recipient39。s manifestation of intention to assent to an offer.Article 22 Mode of Acceptance。(ii) if the offeree has reason to regard the offer as irrevocable, and has undertaken preparation for performance.Article 20 Extinguishment of OfferAn offer is extinguished in any of the following circumstances:(i) The notice of rejection reaches the offeror。(ii) It indicates that upon acceptance by the offeree, the offeror will be bound thereby.Article 15 Invitation to OfferAn invitation to offer is a party39。(vi) time, place and method of performance。(ii) subject matter。 ExclusionsFor purposes of this Law, a contract is an agreement between natural persons, legal persons or other organizations with equal standing, for the purpose of establishing, altering, or discharging a relationship of civil rights and obligations.An agreement concerning any personal relationship such as marriage, adoption, guardianship, etc. shall be governed by other applicable laws.Article 3 Equal Standing of PartiesContract parties enjoy equal legal standing and neither party may impose its will on the other party.Article 4 Right to Enter into Contract Voluntarily A party is entitled to enter into a contract voluntarily under the law, and no entity or individual may unlawfully interfere with such right.Article 5 FairnessThe parties shall abide by the principle of fairness in prescribing their respective rights and obligations.Article 6 Good FaithThe parties shall abide by the principle of good faith in exercising their rights and performing their obligations.Article 7 LegalityIn concluding or performing a contract, the parties shall abide by the relevant laws and administrative regulations, as well as observe social ethics, and may not disrupt social and economic order or harm the public interests.Article 8 Binding Effect。S REPUBLIC OF CHINA【時 效 性】有效【頒布時間】【實施時間】【發(fā)布部門】National People’s Congress CONTRACT LAW OF THE PEOPLE39。S REPUBLIC OF CHINACONTRACT LAW OF THE PEOPLE39。 Legal ProtectionA lawfully formed contract is legally binding on the parties. The parties shall perform their respective obligations in accordance with the contract, and neither party may arbitrarily amend or terminate the contract.A lawfully formed contract is protected by law.Chapter Two Formation of ContractsArticle 9 Capacity。(iii) quantity。(vii) liabilities for breach of contract。s manifestation of intention to invite the other party to make an offer thereto. A delivered price list, announcement of auction, call for tender, prospectus, or mercial advertisement, etc. is an invitation to offer.A mercial advertisement is deemed an offer if its contents meet the requirements of an offer.Article 16 Effectiveness of Offer, Offer through Electronic MessageAn offer bees effective when it reaches the offeree.When a contract is concluded by the exchange of electronic messages, if the recipient of an electronic message has designated a specific system to receive it, the time when