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Is there any problem if I buy a parking space but haven’t signed the contract yet?

There may be problems if you buy a parking space but haven’t signed a contract yet.

If you buy a parking space without paying for the contract, the agreed time for the transfer of the parking space is not specifically agreed upon, and the rights of the parties may be infringed. Without a signed contract, the other party may regret it and does not need to bear relevant responsibilities. A sales contract is a contract in which the seller transfers the ownership of the marked object to the buyer and the buyer pays the price. The contract can clarify the rights and obligations of both parties and bind both parties to jointly perform their responsibilities and obligations. Failure to sign a contract will make it difficult to resolve disputes. Contracts established in accordance with the law are protected by law. If the parties do not sign a contract, they cannot effectively protect their legitimate rights and interests.

The solutions to disputes arising from sales contracts are as follows:

1. First, they should be resolved in accordance with the principles of equality, mutual benefit, and consensus through consultation. According to legal provisions, disputes should first be resolved through consultation. If the debtor is required to repay the debt but is temporarily unable to do so, the following two methods can be used to negotiate a settlement:

(1) Installment repayment;

(2) Debt repayment in kind.

2. Through mediation, non-governmental organizations will resolve the disputes between the parties to the contract based on the principles of voluntariness and legality, or mediation can be reached under the auspices of a lawyer;

3. When negotiation fails , the arbitration institution shall make an award in accordance with relevant regulations or an agreement between the parties. When parties use arbitration to resolve contract disputes, they should pay attention to the following issues:

(1) Arbitration time limit;

(2) Arbitration and jurisdiction. Generally, the arbitration shall be governed by the place where the contract is performed or signed;

(3) Arbitration effectiveness. After both parties reach an agreement through arbitration and mediation, the agreement becomes legally binding and both parties must abide by it conscientiously. Otherwise, the court will enforce it.

4. If none of the above methods can resolve the matter, you can also file a lawsuit in court and resolve the dispute through litigation.

Legal basis: Article 595 of the "People's Republic of China and Civil Code"

A sales contract means that the seller transfers the ownership of the subject matter to the buyer. A contract in which the recipient pays a price.

Article 596

The contents of a sales contract generally include the name, quantity, quality, price, performance period, place and method of performance, packaging method, and inspection of the subject matter. Clauses such as standards and methods, settlement methods, words used in the contract and their validity.

Article 597

If the ownership of the subject matter cannot be transferred because the seller has not obtained the right to dispose of it, the buyer may terminate the contract and request the seller to bear liability for breach of contract.

The transfer of subject matter prohibited or restricted by laws or administrative regulations shall be governed by their provisions.

Article 490

If the parties conclude a contract in the form of a contract, the contract shall be established when both parties sign, seal or fingerprint the contract. Before signing, sealing or fingerprinting, one party has performed its main obligations and the contract is established when the other party accepts it.

Laws and administrative regulations or the parties agree that a contract should be concluded in writing. If the parties do not use writing but one party has performed its main obligations and the other party accepts it, the contract is established.

Article 465

A contract established in accordance with the law shall be protected by law.

A contract established in accordance with the law is only legally binding on the parties, unless otherwise provided by law.