Abstract
This article is concerned with the nature, functions and scope of the institution in the People's Republic of China that is commonly referred to as contracts. The paper as a whole ultimately focuses on three problems: (1) the nature of this institution; (2) whether this institution, if it is of a different nature from the Western contract, performs tasks in the Chinese context not unlike those of the institution of contracts in the West: and (3) how it performs those tasks.

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