How to Safeguard Business Interests in China with a Solid Contract?
Having your contract reviewed by a lawyer is important when doing business with China.
Here is why:
Identify pitfalls
A lawyer can help identify potential legal pitfalls and important commercial issues that should be covered in a solid contract.
Avoid ambiguity
Contract review by a lawyer can help to avoid any ambiguity in the rights and obligations included in the contract.
Mitigate risks
Contract review can mitigate risks associated with the business and contractual arrangements.
Ensuring enforceability
Contract review by an experienced local lawyer will ensure that your contract is legally binding and enforceable in China, while also complying with local regulations.
Trustiics: One-Stop Platform for Trusted Legal Services in China
Doing business in China involves various risks and challenges. Having your contract reviewed by an experienced lawyer is a “must”.
Trustiics connects SMEs in need of legal services in China with vetted top-tier lawyers. Users can choose fixed-price services, receive a free quote from their selected lawyers, or start with a quick legal consultation.
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- Taiwan Law
- Foreign Direct Investment
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- Legal Document Translation
How it works
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Select service
Select a service or get a free quote from a selected lawyer.
Authorize payment
Authorize credit card payment for the service.
Service in progress
Lawyer delivers service. You can request revision if needed.
Job completed
Accept work delivery. Job marked as completed and lawyer gets paid.
Legal Q&A
Why is it important to have a contract reviewed by lawyers in China before signing it with a Chinese company?
A Chinese lawyer can help identify any ambiguous or vague language that could be interpreted differently by Chinese courts, which can help avoid disputes down the road. Additionally, having a contract reviewed can ensure the enforceability of the contract in case of future disputes.
What are the main aspects of a contract that the service lawyer would typically review?
A China Contract Review service lawyer will review all aspects of a contract, including:
- Clauses related to primary contractual rights and obligations, such as payment and delivery
- Clauses related to warranties, covenants, and conditions, such as confidentiality and indemnification
- Clauses related to dispute resolution, such as governing law and venue
- Other important clauses, such as language, version, revision, notice, term, termination, force majeure, and assignment
How much does a "Contract Review" legal service typically cost?
The cost of a Contract Review legal service depends on the complexity of the contract. Simple reviews can cost a few hundred dollars, while complex ones can cost several thousand dollars.
You can get a free quote on Trustiics by selecting a lawyer and submitting a request that includes details about the contract, such as the type, number of parties, and length. You can also upload a copy of the contract. After submitting your request, the lawyer will provide a fee quote for the review.
What are the important but often overlooked clauses that should be reviewed by a lawyer in China before signing?
Certain clauses in contracts are often overlooked but can have significant financial and legal consequences. For example, it’s important for a lawyer to review the following clauses before signing:
- Clauses related to the term and early termination of the contract
- Clauses related to amendments and revisions to the contract
- Clauses related to the calculation of penalties
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