Article 502 of the Civil Code of People's Republic of China (PRC) * * * A contract established in accordance with the law shall take effect upon its establishment, except as otherwise provided by law or agreed by the parties. In accordance with the provisions of laws and administrative regulations, if the contract should go through the approval procedures, such provisions shall prevail. If the failure to go through the formalities such as approval affects the effectiveness of the contract, it will not affect the performance of the obligation clauses such as approval and the effectiveness of relevant clauses in the contract. If the party that should go through the formalities for approval fails to perform its obligations, the other party may require it to bear the responsibility for violating its obligations. The modification, assignment and dissolution of a contract shall be subject to the provisions of laws and administrative regulations, and the provisions of the preceding paragraph shall apply and shall be subject to approval.
Legal effect of receipt clause
The circle has legal effect after being signed. The receipt is signed by the party concerned, which proves that money or articles were indeed collected from the unit at that time. Therefore, if there is not enough evidence to prove that the parties have used the money for the company and returned it to the company, then the receipt will continue to have the legal effect of proving that the parties still receive this behavior. Normative legal documents and non-normative legal documents have certain binding force, which requires people to act in the way stipulated in the legal documents. Normative legal documents and the validity of legal acts and facts are endowed by normative legal documents.