The Chinese ‘Contract’: In it for the Long Haul

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  1. Scott Geller

    In the words of Arte Johnson, “Verrrrry interesting, but stupid!” (lol)

    Actually, we have the same advantage here in the U.S.A. – it is called the ADDENDUM. It is used when we wish to renegotiate or change the original terms of an agreement.

    Those in commercial real estate especially understand that negotiations never really end.

    The “Chinese Contract” is much like our own Constitution. Written with care and forethought, there are currently 27 amendments (from 1791 to 1992) and numerous new laws to keep it current.