1. According to Article 93 of People's Republic of China (PRC) Contract Law, the parties may terminate the contract through consultation. The parties may stipulate the conditions for one party to terminate the contract. When the conditions for termination of the contract are met, the creditor may terminate the contract;
2. If one party explicitly expresses or shows by its own behavior that it will not perform its contractual obligations, the other party may require it to bear the liability for breach of contract before the expiration of the performance period. If one party fails to perform its contractual obligations or fails to comply with the contract, and after performing its obligations or taking remedial measures, the other party still suffers other losses, it shall compensate for the losses.
3. Article 97 After the termination of a contract, if it has not been performed, the performance shall be terminated; If it has been performed, according to the performance and the nature of the contract, the parties may demand restitution and take other remedial measures, and have the right to demand compensation for losses. The termination of contractual rights and obligations shall not affect the validity of the settlement and liquidation clauses in the contract;
Extended data:
1. If one party fails to perform its contractual obligations or fails to perform its contractual obligations in conformity with the agreement, thus causing losses to the other party, the amount of compensation shall be equivalent to the losses caused by the breach of contract, including the benefits that can be obtained after the performance of the contract, but shall not exceed the losses that the breaching party foresaw or should have foreseen when concluding the contract.
2. If the contract cannot be performed due to force majeure, it shall be exempted from liability in part or in whole according to the influence of force majeure, unless otherwise stipulated by law. If force majeure occurs after the delay in performance, the parties concerned cannot be exempted from their responsibilities. If one party is unable to perform the contract due to force majeure, it shall notify the other party in time to reduce the possible losses to the other party and provide proof within a reasonable period of time;
3. After one party breaches the contract, the other party shall take appropriate measures to prevent the loss from expanding; If appropriate measures are not taken to expand the losses, no compensation shall be claimed for the expanded losses. If both parties breach the contract, they shall bear their respective responsibilities.
Source of reference: China Government Network-People's Republic of China (PRC) Contract Law.