Article 7 of the Company Law stipulates that the date of issuance of the company's business license is the date of establishment of the company. Before the establishment of the company, it may even be necessary for the promoters to trade and sign contracts with third parties in the name of the company, such as subscription contracts, labor contracts, sales contracts, lease contracts, loan contracts, etc. (Pre-establishment contract). Even if the company is not established or fails to perform the contract after its establishment, these signed contracts are valid. Generally speaking, the sponsors should be responsible for the debts caused by the company. However, under certain conditions, the company may also be responsible for contract debts. After the establishment of the company, if the above contract is adopted, the company shall be jointly and severally liable with the promoters for the debts incurred. Since the date of commitment, the company has become a party to the contract, and of course it should fulfill its obligations.
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