What are the necessary terms of the contract?
Mandatory clauses in a contract refer to the clauses that are required by law or agreed in the contract, and these clauses are indispensable in the contract. Here are some common contract essentials:
1.Basic information of both parties to the contract: including the full name, address, ** of both parties, etc., which is very important for the performance of the contract and the resolution of disputes.
2.The subject matter of the contract: that is, the goods or services traded by the two parties, as well as their specific requirements such as quantity, quality, specification, model, etc.
3.* and payment methods: including items or services**, payment methods, payment time, location, etc.
4.Time and place of delivery: including the time and place of delivery of the goods or services, and the responsibilities and obligations of the parties.
5.Quality assurance and after-sales service: including the quality standards, inspection methods, and certificates of conformity of goods or services, as well as the content and duration of after-sales service.
6.Liability for breach of contract and ways to resolve disputes: including the way in which one party bears responsibility in the event of breach, the way to resolve disputes, and the choice of arbitration or forum.
7.Conditions for modification and termination of the contract: including the conditions, procedures and legal effects of the modification and termination of the contract.
8.Applicable law and jurisdiction: including the application of law to the contract, the choice of the place of dispute resolution, and the competent court.
In addition to the above common mandatory clauses, the specific contract content needs to be negotiated and agreed upon according to factors such as the nature, purpose and risks of the transaction. Before signing a contract, both parties should carefully read the terms of the contract, ensure that everything is in accordance with the law and the interests of both parties, and modify and improve it if necessary. At the same time, both parties should also keep the text of the contract and relevant evidence in case of emergency.