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Is it OK if you don’t acknowledge the signature of the contract?

No.

Failure to sign a contract is a violation of the contract and will lead to contract disputes and legal consequences. According to the provisions of the Contract Law, both parties should abide by the principles of good faith, fairness and justice when signing a contract, and perform the obligations stipulated in the contract. If one party fails to perform its obligations under the contract or refuses to acknowledge the contents of the contract, it will be regarded as a breach of contract and will need to bear corresponding legal liability.