After a contract has become valid, neither party may refuse to perform its obligations under the contract due to any change in name or designation or any change in legal representative, person in charge or sponsor.
Either party that fails to perform its obligations under the contract or fails to perform them as contracted shall bear the liability for breach of contract by continuing to perform the obligations, taking remedial measures, or compensating for losses.
If either party explicitly expresses or indicates by act its intention not to perform its obligations under the contract, the other party may, before the expiration of the period of fulfillment, demand that the party in question bear the liability for breach of contract.
If either party fails to pay charges or remuneration, the other party may demand the payment.
If either party fails to discharge non-pecuniary debt or fails to discharge non-pecuniary debt as contracted, the other party may demand the discharge, except in any of the following situations:
- legally or practically the discharge is impossible;
- the targeted matter of the debt is unsuitable for a compulsory discharge or too expensive for the discharge; or
- the creditor does not demand the discharge within a reasonable period of time.
If both parties breach the contract, they shall bear their respective liabilities accordingly.
Either party that breaches the contract due to a third party shall bear the liability for breach of contract to the other party. The disputes between the breaching party and the third party shall be settled pursuant to law or by agreement.