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If one of the two parties to the contract writes the wrong name and only writes the last name, is the contract still valid?
It may be effective, but the procedure advocated is very troublesome.

First of all, you need to know the real identity and address of this person, and then you have to sue to confirm the validity of the contract. Your reason is that the name on the contract was signed by him and you need to apply for handwriting identification. In this way, if it is confirmed in the trial that it is indeed his signature, then he can only accept the account, otherwise it may be considered as contract fraud.