1. What is the "Yin Yang Contract" In the practice of construction engineering, there are a large number of "Yin Yang Contracts", also known as "black and white contracts", which refer to two or more contracts signed by the parties with substantially different contents for the same subject project. The mostly said "Yang Contract" refers to the construction contract signed by the contract-awarding unit and the contractor in accordance with the provisions of the Bidding Law and the bidding documents that are filed with the construction project management department; "Yin contract" refers to the construc-tion contract signed separately by the contract-awarding unit and the contractor to avoid government management and fail to comply with the statutory bidding procedures, and thus the contract has not been filed with the above-mentioned department.

"Shaohe Equity Incentives" is our newly launched series of columns that will regularly publish our professional opinions and observations on equity incentives. Aiming to help entrepreneurs master the key elements of equity incentives, we will analyze the issues that clients are most concerned about. Our goal is to design the most suitable equity incentive plans for enterprises and successfully assist our clients in achieving corporate strategic goals.

With the continuous development of economic level and increasing social awareness, employers realize that human resources are a precious wealth, and the contributions of employees are indispensable for the development of a company. However, inconsistent interests between employees and employers often lead to conflicts and various unexpected situations can arise that are unavoidable. Various problems often arise during the establishment, continuation, expiration, and termination of labor relations with employees. These issues pose risks to the company. Therefore, drawing from our experience, we have identified common legal issues in daily personnel management and we will publish a series of articles for companies to use as a reference.