Common use of Governing Law and Dispute Settlement Clause in Contracts

Governing Law and Dispute Settlement. 1. The Contract shall be governed by and construed in accordance with the laws of the People's Republic of China. 2. Any dispute arising out of or relating to the Contract shall be resolved through friendly consultation between both parties. If the dispute is not resolved through consultation, any party has a right to submit to the China International Economic and Trade Arbitration ("CIETAC") for arbitration in accordance with the Arbitration Rules of CIETAC. The award of the arbitration tribunal shall be final and binding upon the two parties.

Governing Law and Dispute Settlement. 1. 12.1 The Contract shall be governed by and construed in accordance with the laws of the People's Republic of China. 2. 12.2 Any dispute arising out of or relating to the Contract shall be resolved through friendly consultation between both parties. If the dispute is not resolved through consultation, any party has a right to submit to the China International Economic and Trade Arbitration ("CIETAC") for arbitration in accordance with the Arbitration Rules of CIETAC. The award of the arbitration tribunal shall be final and binding upon the two parties.

Governing Law and Dispute Settlement. 1. 12.1 The Contract shall be governed by and construed in accordance with the laws of the People's Republic of China. 2. 12.2 Any dispute arising out of or relating to the Contract shall be resolved through friendly consultation between both parties. If the dispute is not resolved through consultation, any party has a right to submit to the China International Economic and Trade Arbitration ("CIETAC") for arbitration in accordance with the Arbitration Rules of CIETAC. The award of the arbitration tribunal shall be final and binding upon the two parties.of