More Restrictions on Standard Contracts

The Measures for the Supervision and Administration of Contract Violations ("Measures") promulgated by the State Administration of Industry and Commerce ("SAIC") were implemented on 13 November 2010. The Measures define fraudulent conduct, activities that damage the national interest and public interest and the misuse of standard term contracts. They apply to natural persons, legal persons and other organisations and institutions.

1. Main contents

The Measures prohibit ten kinds of fraudulent conduct, including forging a contract; providing a false guarantee; making up a false reason to terminate a contract; defrauding someone of property; disseminating or using false information to entice others into concluding a contract; and conducting and performing a contract through other deceptive ways.