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PRC definition: Copy, customize, and use instantly

Introduction

The term "PRC" refers to the People's Republic of China, the country that is often mentioned in international contracts, trade agreements, and regulatory contexts. The PRC plays a key role in global commerce, economics, and law, and its inclusion in agreements generally denotes the jurisdiction, laws, and government frameworks that apply to various activities or obligations. This term is especially relevant in agreements involving international trade, investment, taxation, and legal proceedings within or relating to China.

Below are various examples of how "PRC" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.

Definition of "PRC" as a jurisdiction

This definition ties "PRC" to its legal and governmental role.

"PRC" means the People’s Republic of China, a sovereign state in East Asia, whose laws and regulations govern the specified terms in this agreement.

Definition of "PRC" as a country of incorporation

This definition connects "PRC" to corporate and business formations.

"PRC" refers to the People’s Republic of China, the jurisdiction in which the party is incorporated and regulated under Chinese laws.

Definition of "PRC" as a governing law

This definition links "PRC" to the applicable legal framework.

"PRC" means the legal system and regulatory framework established by the People’s Republic of China, which governs this agreement and any disputes arising hereunder.

Definition of "PRC" as a business partner country

This definition ties "PRC" to trade and partnership considerations.

"PRC" refers to the People’s Republic of China, a country with which the parties engage in commercial transactions, as detailed in this agreement.

Definition of "PRC" as a regulatory authority

This definition connects "PRC" to regulatory oversight.

"PRC" means the People’s Republic of China, and any regulatory bodies, ministries, or government agencies operating within its jurisdiction that oversee the activities referenced in this agreement.

Definition of "PRC" as a national government body

This definition links "PRC" to national governmental action.

"PRC" refers to the government of the People’s Republic of China, which may issue or enforce regulations, policies, or laws pertinent to the subject matter of this contract.

Definition of "PRC" as a trade area

This definition connects "PRC" to international trade and commerce.

"PRC" means the People’s Republic of China, encompassing the national territory within which goods, services, and contractual obligations may be performed as stipulated in this agreement.

Definition of "PRC" as a national standard

This definition ties "PRC" to the implementation of national standards.

"PRC" means the People’s Republic of China, in relation to the national standards or certifications required by Chinese law for the import, export, or production of goods and services.

Definition of "PRC" as a foreign jurisdiction in transactions

This definition links "PRC" to international agreements and transactions.

"PRC" refers to the People’s Republic of China, considered a foreign jurisdiction for the purposes of international transactions, including trade, investment, and dispute resolution.

Definition of "PRC" as a party’s domicile

This definition ties "PRC" to the residency or domicile of an entity.

"PRC" means the People’s Republic of China, in which a party is domiciled and operates its principal place of business.

Definition of "PRC" as a location for performance of obligations

This definition connects "PRC" to the place where contractual duties are carried out.

"PRC" refers to the People’s Republic of China, as the location where the obligations under this agreement are to be performed, or where a specified action or transaction is executed.

Definition of "PRC" as an economic partner

This definition links "PRC" to commercial and investment relationships.

"PRC" means the People’s Republic of China, as a key economic partner in trade, investment, or joint ventures as outlined in this contract.

Definition of "PRC" as a regulatory framework for foreign investments

This definition ties "PRC" to investment laws and regulations.

"PRC" refers to the People’s Republic of China and its foreign investment laws, which govern the terms and conditions under which foreign entities can invest or operate within the country.

Definition of "PRC" as a market for goods or services

This definition connects "PRC" to its role as a market.

"PRC" means the People’s Republic of China, as a primary market for the sale or distribution of goods or services as contemplated by this agreement.

Definition of "PRC" as an enforcement jurisdiction

This definition ties "PRC" to the enforcement of legal rights.

"PRC" refers to the People’s Republic of China, in the context of the enforcement of rights or obligations arising from this agreement, under the jurisdiction of Chinese courts.

Definition of "PRC" as an area subject to specific taxes

This definition links "PRC" to taxation policies.

"PRC" means the People’s Republic of China, as the jurisdiction where specific taxes, duties, and levies apply to goods, services, or income arising from transactions under this agreement.

Definition of "PRC" as a governing body in technology and data laws

This definition connects "PRC" to legal regulations concerning technology and data.

"PRC" refers to the People’s Republic of China, as the governing authority overseeing laws and regulations regarding technology, data security, and cybersecurity within its jurisdiction.

Definition of "PRC" as a political entity

This definition ties "PRC" to its status as a nation-state.

"PRC" means the People’s Republic of China, a sovereign political entity, which governs and administers all affairs within its borders, including economic and legal matters.

Definition of "PRC" as a governing party in treaties

This definition connects "PRC" to international agreements.

"PRC" refers to the People’s Republic of China, as one of the signatory parties to international treaties or agreements addressed in this contract.

Definition of "PRC" as a market regulation authority

This definition ties "PRC" to market regulation and oversight.

"PRC" means the People’s Republic of China, acting through its regulatory bodies, in overseeing and regulating markets within its jurisdiction, including financial, commodity, and securities markets.

Definition of "PRC" as a financial reporting jurisdiction

This definition connects "PRC" to financial reporting standards.

"PRC" refers to the People’s Republic of China, under whose jurisdiction entities are required to adhere to Chinese financial reporting and accounting standards.

Definition of "PRC" as a location for dispute resolution

This definition ties "PRC" to arbitration or litigation forums.

"PRC" means the People’s Republic of China, as the agreed location for resolving disputes through arbitration or judicial proceedings, as stipulated in the dispute resolution clause of this contract.

Definition of "PRC" as an authority for import/export regulation

This definition links "PRC" to trade and customs regulations.

"PRC" refers to the People’s Republic of China, as the governing authority that enforces import and export regulations for goods being traded across its borders.

Definition of "PRC" as a jurisdiction for intellectual property law

This definition ties "PRC" to intellectual property protections.

"PRC" means the People’s Republic of China, where intellectual property laws govern the protection, enforcement, and registration of patents, trademarks, and copyrights.

Definition of "PRC" as an economic zone

This definition connects "PRC" to specific economic regions within the country.

"PRC" refers to the People’s Republic of China, including any special economic zones (SEZs), free trade areas, or other regions designated by the government for preferential economic treatment and business operations.