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How does the company stop paying social security?
Legal basis: Civil Code of People's Republic of China (PRC).
Article 465 A lawfully formed contract shall be protected by law. A legally established contract is legally binding only on the parties, except as otherwise provided by law.
Article 557 Creditor's Rights and Debts shall be terminated under any of the following circumstances: (1) The debt has been performed; (2) The debts offset each other; (3) The debtor deposits the subject matter according to law. (4) Creditors are exempted from debts; (5) Creditor's rights and debts are owned by one person; (six) other circumstances stipulated by law or agreed by the parties to terminate. If the contract is terminated, the rights and obligations of the contract shall be terminated accordingly.
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