The function of the project settlement sheet is that both parties sign the project settlement sheet, which legally belongs to the confirmation of the project settlement by both parties. The entrusting party shall pay the project payment according to the settlement result in the project settlement list and the agreement in the project construction contract. If the entrusting party fails to pay the project payment according to the settlement results listed in the project settlement table and the agreement in the project construction contract, the construction party may bring a lawsuit to the court according to law. It should be noted that both parties here must be legally authorized agents of both parties to the project. Under normal circumstances, the settlement bill needs to be sealed by both parties to better ensure the effectiveness of the project settlement bill.
Therefore, in some settlement forms, only the project leader or other personnel of the construction party sign without the seal of the construction party. If the construction party can provide sufficient evidence to prove that the contractor should know that the settlement signer has no corresponding authority, then this settlement form cannot bind the construction party. Otherwise, the validity of the statement should be confirmed.
Legal basis:
Contract law of the people's Republic of China
Article 8
A legally established contract is legally binding on the parties. The parties shall perform their obligations as agreed, and shall not alter or terminate the contract without authorization. Contracts established according to law are protected by law.
Article 48
A contract concluded in the name of the principal after the actor has no agency right, exceeds the agency right or the agency right is terminated is invalid for the principal without ratification by the principal, and the actor shall bear the responsibility. The other party may urge the principal to ratify it within one month. If the trustor fails to declare it, it shall be deemed as refusal to ratify it. Before the contract is ratified, the bona fide counterpart has the right to cancel the contract. Revocation shall be made by notice.
People's Republic of China (PRC) Civil Code
Article 495
Subscribe, order, book, etc. If the parties agree to conclude a contract within a certain period of time in the future, it constitutes an appointment contract.
If one party fails to perform the obligation of concluding a contract as stipulated in the appointment contract, the other party may require it to bear the responsibility for violating the appointment contract.