First, how to sign a contract
1. The procedures for signing the contract are as follows:
(1) One party draws up the contract, and the other party reviews the contract and proposes amendments;
(2) Review whether there are loopholes in the contract;
(3) After the contract is approved, both parties shall sign or seal the contract.
2. Legal basis: Article 490th of the Civil Code of People's Republic of China (PRC).
If the parties enter into a contract in the form of a contract, the contract shall be established when the parties sign, seal or press their fingerprints. Before signing, sealing or fingerprinting, one party has fulfilled its main obligations, and the contract is established when the other party accepts it.
A contract shall be concluded in written form as stipulated by laws, administrative regulations or agreed by the parties. If the parties do not do this in writing, but one party has fulfilled its main obligations and the other party accepts it, the contract is established.
Article 585
The parties may agree that when one party breaches the contract, it shall pay a certain amount of liquidated damages to the other party according to the situation of breach of contract, and may also agree on the calculation method of the amount of compensation for breach of contract.
If the agreed liquidated damages are lower than the losses caused, the people's court or arbitration institution may increase the liquidated damages at the request of the parties; If the agreed liquidated damages are excessively higher than the losses caused, the people's court or arbitration institution may appropriately reduce them at the request of the parties.
If the parties concerned pay liquidated damages for delayed performance, the breaching party shall also perform the debt after paying the liquidated damages.
Second, what are the characteristics of the contract?
The characteristics of this contract are as follows:
1. A contract is an agreement between two or more parties with equal legal status to express the same will;
2. The purpose of the contract is to establish, change or terminate the creditor-debtor relationship;
3. Contract is a civil legal act.