Hong Kong Ordinances

COMPANIES ORDINANCE - SECT 32

Form of contracts

Contracts, etc.

(1) Contracts on behalf of a company may be made as follows- (Amended L.N. 223
of 1976)

   (a)  a contract which if made between private persons would be by law
        required to be in writing and under seal, may be made on behalf of the
        company in writing under the common seal of the company; (Amended 6 of
        1984 s. 20)

   (b)  a contract which if made between private persons would be by law
        required to be in writing, signed by the parties to be charged
        therewith, may be made on behalf of the company in writing signed by
        any person acting under its authority, express or implied;

   (c)  a contract which if made between private persons would by law be valid
        although made by parol only, and not reduced into writing, may be made
        by parol on behalf of the company by any person acting under its
        authority, express or implied.

(2) A contract made according to this section shall be effectual in law, and
shall bind the company and its successors and all other parties thereto.

(3) A contract made according to this section may be varied or discharged in
the same manner in which it is authorized by this section to be made. [cf.
1929 c. 23 s. 29 U.K.]