Contract Drafting, Credit Evaluation and Supervision Services Frequently Asked Questions-World Credit Organization

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ICE8000 Contract Credit Topics
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Common questions about contract drafting, credit evaluation and supervision services

One, the problems solved by ICE8000 contract drafting, credit evaluation and supervision services? How to prevent contract breach? How to prevent contract fraud?

Answer: ICE8000 contract credit service has noticed the following problems and designed a reliable solution for them:

1. Many contracts have pitfalls.

2. There are false promises in many contracts.

3. After many contracts are breached, there is no easy way to resolve disputes, and it is costly and time-consuming to resolve through courts and other means.

4. After many contracts are breached, the injured party cannot release credit information through legal channels, which makes the deceiver continue to use the same method to deceive others.

5. The weak party in many contracts does not have a low-cost way to claim rights after being cheated.

6. Before the signing of many contracts, one party swears and seems to be honest, but the other party has no way to judge whether the other party is really honest.

7. In international trade, once fraud occurs, going through court or arbitration is costly and time-consuming, and may involve disputes over applicable laws.

Second, ICE8000 contract drafting, credit evaluation and supervision services to solve problems and ideas and principles?

Answer: The ideas and principles of ICE8000 contract credit service to solve the problem of contract dishonesty can be summarized as "three guarantees and one increase", as follows:

1. The first guarantee is to ensure that the identity of the parties to the contract is true and qualified to sign the contract through the investigation or review of credit practitioners. Some scammers use fake IDs to sign contracts, and even use fake IDs to register companies and sign contracts with foreign companies. Some people sign contracts without the authorization of legal persons.

2. The second guarantee is: the content of the contract is legal after being reviewed by credit practitioners. The content of some contracts is illegal and causes the invalidity of the contract, allowing scammers to profit from it or evade legal responsibility.

3. The third guarantee is: the contract has no obvious flaws after passing the review of credit practitioners. For example, in a contract, Party A promises Party B to completely cure its hepatitis B through three courses of treatment. This contract has obvious flaws, because the current level of medical technology cannot completely cure hepatitis B.

4. One increase is to increase the cost of breach of contract for the parties to the contract. If the party to the contract breaches the contract, the other party can impose credit penalties in accordance with the ICE8000 standard. Since the parties to the contract will be severely punished for their breach of trust, the cost of breach of trust will increase, the benefits of breach of trust will decrease accordingly, and the subjective impulse of the parties to the contract to break trust will be reduced. After a contract party breaches the contract, unless he corrects his breach of trust or obtains the understanding of the other party, credit punishment will make it difficult for him to continue to develop.

3. How to conduct contract credit supervision?

Answer: After one party breaches the contract, the other party can impose credit punishment on it. At the same time, the credit punishment is a dispute resolution mechanism to help the parties eliminate subjective disputes and resolve objective disputes, such as: internal complaints, public complaints, Credit warning, internal exposure, public exposure, etc.

4. In the ICE8000 contract credit system, who is the subject of contract credit supervision, and who is in the leading position in contract credit supervision?

Answer: It is the party to the contract, that is, the signing party of the contract.

The above content is excerpted from: "Building an Integrity Unit——Risk Control and Integrity Management" (by Fang Bangjian)

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