Common use of Applicable Laws and Dispute Settlement Clause in Contracts

Applicable Laws and Dispute Settlement. 13.1 The execution, effectiveness, interpretation and performance hereof and the settlement of disputes hereunder shall be governed by laws of PRC. 13.2 Any dispute arising from the interpretation and performance hereof shall be settled by the Parties through friendly negotiation first. Where the Parties fail to reach any agreement on the settlement of such dispute within 30 days after a request for settlement of the dispute through negotiation is made by any Party to the other Parties, any Party may submit the dispute to China International Economic and Trade Arbitration Commission for settlement in accordance with its then effective arbitration rules. The arbitration shall be held in Beijing, and the language of the arbitration shall be Chinese. The arbitration award shall be final and binding upon the Parties. 13.3 Where any dispute arises from the interpretation and performance hereof, or during the period when any dispute is subject to arbitration, except for the matters under dispute, the Parties shall continue to exercise their respective rights and perform their respective obligations hereunder.

Applicable Laws and Dispute Settlement. 13.1 7.1 The execution, effectiveness, interpretation interpretation, performance, modification and performance termination hereof and the settlement of disputes hereunder shall be governed by laws of PRCPRC laws. 13.2 7.2 Any dispute arising from the interpretation and performance hereof shall be settled by the both Parties through friendly negotiation firstbona fide negotiation. Where the Parties fail any Party fails to reach any agreement on the settlement of such dispute within 30 days after a request for settlement of the dispute through negotiation is made by any Party to the other PartiesParty, any the Party may submit the dispute to China International Economic and Trade Arbitration Commission for settlement in accordance with its then effective arbitration rules. The arbitration shall be held in Beijing, and the language of the arbitration shall be Chinese. The arbitration award shall be final and binding upon the both Parties. 13.3 7.3 Where any dispute arises from the interpretation and performance hereof, or during the period when any dispute is subject to arbitration, except for the matters under dispute, the both Parties shall continue to exercise their respective rights and perform their respective obligations hereunder.