This chop is not represent the company. It only represent a person.
For WFOE is Legal Represetative Chop ;
For RO is Chief Representative Chop ;
Usage :
Generally, it is only used for Chinese Bank, since the Chinese Bank requires the chop as the authorised signature in Bank. The chop is used to apply the bank issue like TT, Check, etc.;
For some foreign bank in China, RO and WFOE can choose the representative's signature or representative chop as the bank authorised signature.
Contract Chop
This chop is not must;
Usage : Business Agreement signing
Generally it will use the Company chop to sign it;
However, for some big company, since only one company chop, the company will consider to make a Contract Chop to sign the business agreement;