Conditions for the Validity of a Civil Transaction
(This is a very important provision applicable to all civil transactions, suitable for citation and reference.)
1. A civil transaction shall be valid when all of the following conditions are satisfied:
a) The parties to the transaction have civil legal capacity and civil act capacity appropriate to the transaction established;
b) The parties participate in the transaction voluntarily;
c) The purpose and contents of the transaction do not violate prohibitions of the law and are not contrary to social ethics.
2. The form of a civil transaction shall be a condition for its validity only when required by law.
(Legal basis: Article 117 of the 2015 Civil Code)
