The document provides an analysis of the Contract Law of the People's Republic of China, enacted in 1999, particularly comparing it to contract law in the United States. Key features include a focus on voluntary contracts, the principles of offer and acceptance, and alignments with international treaties such as the UN Convention on Contracts for the International Sale of Goods. The law introduces concepts like anticipatory repudiation and allows for oral and written contracts. Notably, it affords parties the freedom to determine contract contents while mandating compliance with public policy. For the target audience, including attorneys, partners, owners, associates, paralegals, and legal assistants, this document serves as a critical resource for understanding cross-border contract negotiations and formulations. It highlights essential points such as the remedies for breach of contract and the concept of alternative dispute resolution, which are vital in both jurisdictions. The clarity in outlining similar principles in both legal systems is beneficial for practitioners involved in international contract law.