On March 30, Watson & Band successfully held its first China Law Salon of 2018 entitled “Contract-Related Risk Control and Prevention for Enterprises”. 

As the first lecturer, W&B partner William Zhou started his lecture by presenting survey data on contract disputes heard in courts over the past three years, and he introduced concepts related to contractual risks using vivid literary quotations. Mr. Zhou then reminded the attendees of the contractual risks that might arise during three phases, i.e. before signature, at signature and during performance of the contract. He also listed specific matters to be noted for these three phases and advised enterprises on how to prevent and control such risks.

The second lecturer, W&B attorney Mr. Gehlen Zhu, provided a detailed introduction on the types of liability for breach of a contract, the consequences of rescission of a contract, the means of rescinding a contract and the time limit for exercising the right of rescission, based on the latest provisions of applicable statutes and regulations. Mr. Zhu also cited a number of actual cases, provided a practical in-depth analysis of how to effectively draft terms of rescission and liability for breach of contract, and explained how to lawfully exercise the right of rescission.