1 If a contract is signed by deception, the deceived party has the right to request the people's court or an arbitration institution to cancel it. However, it should be noted that the fraudulent party fails to exercise its cancellation right within one year from the date when it knows or should know the reason for cancellation, and the cancellation right is extinguished.

According to Article 148 of the Civil Code of People's Republic of China (PRC), which came into effect on 202 1 and 1, the defrauded party has the right to request the people's court or the arbitration institution to cancel the civil legal act that one party has done by fraudulent means against its true meaning. The third party in Article 149 of the Civil Law of People's Republic of China (PRC) commits fraud, causing one party to commit a civil juristic act against its true meaning. If the other party knows or should know about the fraud, the defrauded party has the right to request the people's court or arbitration institution to cancel it.