1. According to Article 93 of People's Republic of China (PRC) Contract Law, the parties may terminate the contract through consultation. The parties may stipulate the conditions for one party to terminate the contract. When the conditions for contract termination are met, the creditor may terminate the contract.
2. According to People's Republic of China (PRC) Contract Law? Article 94 Under any of the following circumstances, the parties may terminate the contract:
(a) the purpose of the contract cannot be achieved due to force majeure;
(two) before the expiration of the performance period, one party clearly stated or indicated by its own behavior that it would not perform the main debt;
(three) one party delays the performance of the main debt and fails to perform it within a reasonable period after being urged;
(4) One of the parties delays the performance of debts or commits other breach of contract, which makes it impossible to achieve the purpose of the contract;
(5) Other circumstances stipulated by law.
3. According to Article 54 of People's Republic of China (PRC) Contract Law, one party has the right to request the people's court or arbitration institution to modify or terminate the following contracts:
(1) Due to a major misunderstanding;
(2) obviously unfair at the time of conclusion of the contract.
(3) The injured party has the right to request a people's court or an arbitration institution to modify or cancel a contract concluded by one party against the true meaning by fraud, coercion or taking advantage of others' danger. The people's court or arbitration institution shall not revoke the request of the parties.
Extended data:
If one party fails to perform its contractual obligations or fails to perform its contractual obligations in conformity with the agreement, thus causing losses to the other party, the amount of compensation shall be equivalent to the losses caused by the breach of contract, including the benefits that can be obtained after the performance of the contract, but shall not exceed the losses that the breaching party foresaw or should have foreseen when concluding the contract.
If one party fails to perform the contractual obligations or fails to meet the contractual obligations, it shall be liable for breach of contract, such as continuing to perform, taking remedial measures or compensating for losses.
If one of the parties expressly expresses or shows by his own behavior that he will not perform the contractual obligations, the other party may require him to bear the liability for breach of contract before the expiration of the performance period.
China Government Network-People's Republic of China (PRC) Contract Law