What Is a Contract Bond?

Contract security refers to an agreement to sign a contract.

Contract deposit

Right!

Contract security refers to an agreement to sign a contract.

Chinese name

Contract deposit

Species

3 types

is it legal

Labor contract security is illegal and the rest is legal

Nature

A promise

Regarding contract deposits, there are currently three basic types:

1. Commercial contract deposits are now mostly used in commercial activities such as franchising and contracting. According to the contract law, when signing a commercial contract, if the contract guarantee is mentioned in the contract terms, the contract guarantee in the contract at this time is an agreement and is protected by law. Handle as agreed in a valid contract between the two parties.

2. The contract security in the labor contract, the labor law expressly stipulates that when an employer and a laborer conclude a labor contract, they must not collect a deposit, a security deposit {material} or a mortgage {object} from the laborer in any form. , The Ministry of Public Security and the labor administration department ordered the employer to immediately return it to the laborer. If it is not submitted, it may not be returned. If it has been submitted, the employer may request the employer to return it, or report it to the local labor administration department. If a dispute arises, You can apply for labor arbitration within 60 days from the date of the dispute.This contract security is not valid and illegal.

3. Lease contract security. When the house is leased, the lessor may agree with the lessee to collect the house lease contract security. When the house is leased, the lessor may agree with the lessee to collect the house lease security. Lease security is a measure of performance guarantee, which refers to the lease deposit that the lessor agrees to collect with the lessee based on factors such as the lease term, lease payment period, house use, maintenance responsibility, and other factors. At this time, the contract is legal and must be dealt with according to the agreement when performing the contract.