What are the effective elements of a contract?
1, the parties to a contract have the corresponding ability to conclude a contract;
2. The intention of the parties to the contract is true;
3, the contract does not violate the law or social interests;
4. The contents of the contract must be definite or possible.
Legal basis: Article 469 of the Civil Code of People's Republic of China (PRC).
The parties may conclude a contract in writing, orally or in other forms.
Written form refers to contracts, letters, telegrams, telexes, faxes and other forms that can tangibly express the contents contained.
A data message that can tangibly express its content through electronic data interchange, e-mail, etc. , and can be retrieved at any time, are considered in writing.
Article 470
The contents of a contract shall be agreed upon by the parties, and generally include the following clauses:
(1) The name and domicile of the party concerned;
(2) Subject matter;
(3) quantity;
(4) quality;
(5) Price or remuneration;
(6) Time limit, place and method of performance;
(7) Liability for breach of contract;
(8) Methods for resolving disputes.
The parties may conclude a contract by referring to the model texts of various contracts.