Chapter4InternationalContractLaw.pptVIP

INTERNATIONAL BUSINESS LAW 法律系 向玉兰 Chapter 4 International Contract Law Main Points: Formation of Contract Validity of Contracts Performance of contract Remedies for breach of contract I. What is contract? China: Contract is an agreement between natural persons, legal persons and other organizations with equal standing, for the purposes of establishing, altering or discharging a relationship of civil rights and obligations. USA: Contract is a promise or a set of promises for the breach of which the law gives a remedy, or the performance of which the law in some way recognizes as a