[多项选择]In relation to the Contract Law of China:(b) explain and distinguish between termination of contract and dissolution of contract. (8 marks)

参考答案:In accordance with Articles IA, IC and ID of the Contract Law, the major differences between dissolution of contract and termination of contract rest with: (i) Termination of contract is only relevant to the state of a contract, while dissolution of contract is relevant to a legal action taken by a party to the contract under the conditions as prescribed by the law or agreed by the parties; (ii) Termination of contract is a much wider concept than dissolution of contract. Termination of contract covers the circumstances of dissolution of contract; (iii) Termination of contract does not require a party to make a notice to the other party; while dissolution of contract requires the party that intends to dissolve a contract to make a notice to the other party. Without such a notice there will be no dissolution of contract.