The validity period of a contract is the length of time when the contract takes effect and is abolished. Generally, it is clearly stipulated in the contract that the contract shall be from the date of signing to a certain time or from the date of signing to a certain time, and there is an agreement on one item to the date of completion, and there is no clear time limit. Although some contracts stipulate the validity period, there are matters not covered, and the rights and obligations in the contract are not limited by the validity period of the contract (generally agreed in the contract).

Legal analysis

The term of performance of a contract shall be agreed upon by the parties to the sales contract when negotiating and concluding the contract. It is an objective standard to define whether the parties to a contract perform their contractual obligations on time or postpone their performance, and it is also the time limit for both parties to perform the contract. This restriction will take effect after both parties sign the contract and is protected by law. Anyone who violates this agreement shall bear corresponding legal responsibilities. The performance period of the contract is calculated in days, days, months, quarters, half a year, years or years. The performance period in a sales contract is actually the time when the seller delivers the subject matter and the buyer pays the price. The difference between the validity period of the contract and the performance period of the contract is actually very simple. The validity period refers to the time when the contract takes effect, while the performance period refers to the time when the obligor should perform his obligations within the validity period of the contract. Generally speaking, the validity period of a contract is the same as the performance period of the contract, except for those contracts with a time limit, that is, after the contract comes into effect, the debtor does not need to perform his obligations immediately, but only after a period of time will the validity period be longer than the performance period. Note that the performance period cannot be later than the effective date, because if it is later than the effective date, the debtor cannot be bound, and the debtor can refuse to perform his obligations on the grounds that the contract is invalid.

legal ground

Article 490 of the Civil Code of People's Republic of China (PRC): If the parties conclude a contract in the form of a contract, the contract is concluded when the parties sign, seal or fingerprint it. Before signing, sealing or fingerprinting, one party has fulfilled its main obligations, and the contract is established when the other party accepts it. A contract shall be concluded in written form as stipulated by laws, administrative regulations or agreed by the parties. If the parties do not do this in writing, but one party has fulfilled its main obligations and the other party accepts it, the contract is established.