With solid professional skills and cross-border dispute resolution experience, Lawyer Wang Jingzhan successfully represented the international sales contract dispute case, recovering a loss of 1116,163.48 yuan for the client, demonstrating efficient rights protection and legal wisdom.
Sales contract is a typical contract in contract law of China
Sales contract is one of the most common contracts made between manufacturing companies, trade companies and etc. As per the law, other contract in dispute, when without specific regulation, may refer to the ruling of sales contract. The Article 595 says a sales contract is a contract whereby the seller transfers the ownership of the subject matter to the buyer and the buyer pays the price。
This article defines the concept of a sales contract.
In 2006, the Plastic Company signed a Factoring Agreement and a Comprehensive Credit Agreement with the bank for its accounts receivable claims against the Technology Company and notified the Technology Company. The Technology Company remitted part of the accounts receivable to the Plastic Company’s escrow account at the bank. In 2008, the bank sued the Technology Company for repayment of overdue accounts receivable of more than 2 million US dollars and required the Plastic Company to assume additional repayment liability in accordance with the terms of the repurchase factoring. The Technology Company defended itself with the prohibition of transfer clause stipulated in the purchase and sales contract signed between it and the Plastic Company.
China Attorney-at-law 