Q&A on Asian Bus.

This is the place that our Editors will reply to your various questions about doing business in Asia.
Please utilize it as a solution to the issues you have doing your daily business across Asia.

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Are there any special requirements for contracts with foreign entities?

  • FAQ: CHINA
  • Date: 15.07.2010

Both foreign-related economic contracts and domestic economic contracts have been governed by the same uniform Contract Law .

  • Parties to a foreign-related contract may select the law to govern the settlement of contractual disputes, unless the law provides otherwise.
  • Parties to a foreign-related contract may, in accordance with an arbitration agreement, apply for arbitration to a Chinese arbitration body or some other arbitration body.
  • There is a special limitation period of four years to take a legal action or apply for arbitration to an arbitration institution in relation to a dispute arising from a contract for international sale of goods or a contract for import and export of technology.

For more details, see Asia Business Guide , [CHN ¶30-005] Requirements for contracts with foreign entities