Another way of doing business in China? Contract-based business operation

It may appear new to you, I mean, the so called "contract-based business operation". Actually, it is not new.

Contract-based business operation (the "CBBO") refers to the operation of a business by a contractor, the business operator, in accordance with a contract concluded by the business owner and the contractor under which the contractor takes…

the Legal Implication of Corporate Seal in Chinese Corporate Practice

In China, every company, domestic or foreign invested, has a set of corporate chops, or corporate seals, in particular the common seal or the general corporate seal (Gong Zhang,公章), an instrumentality that is mandatory and indispensible for a legal entity to run and operate here.

However, to many foreign investors, this particular corporate…