Current location - Loan Platform Complete Network - Local tax - Do Chinese and English contracts have legal effect?
Do Chinese and English contracts have legal effect?
A legally established contract is legally binding on the parties.

According to Article 52 of the Contract Law, a contract is invalid under any of the following circumstances:

(1) One party enters into a contract by means of fraud or coercion, which harms the interests of the state;

(2) Malicious collusion that harms the interests of the state, the collective or a third party;

(3) Covering up illegal purposes in a legal form;

(4) damaging the public interest;

(5) Violating the mandatory provisions of laws and administrative regulations.

Article 53 The following exemption clauses in this contract are invalid:

(1) Causing personal injury to the other party;

(2) Causing property losses to the other party due to intentional or gross negligence.