Governing Law and Settlement of Disputes. (1) The validity, interpretation and performance hereof and settlement of disputes hereunder shall be governed by the laws of the People’s Republic of China. (2) If any dispute arises out of the performance of this Agreement or in connection with this Agreement, the Parties shall settle such dispute through consultation. If such dispute fails to be settled though consultation within 30 days, either Party may submit it to the China International Economic and Trade Arbitration Commission in Beijing for settlement by arbitration by three arbitrators appointed by this commission in accordance with its rules. The award of the arbitration tribunal shall be final and binding on both of the Parties.
Appears in 9 contracts
Samples: Equity Pledge Agreement (Acorn International, Inc.), Equity Pledge Agreement (Acorn International, Inc.), Equity Pledge Agreement (Acorn International, Inc.)
Governing Law and Settlement of Disputes. (1) The validityeffectiveness, interpretation and performance hereof and settlement of disputes hereunder shall be governed by the laws of the People’s Republic of China.
(2) If any Any dispute arises that may arise out of the performance of this Agreement or in connection with this Agreement, Agreement shall be settled by the Parties shall settle such dispute through consultation. If such any dispute fails to be settled though through consultation within 30 thirty (30) days, either any Party may submit it such dispute to the China International Economic and Trade Arbitration Commission in Beijing for settlement by arbitration by three arbitrators appointed by this commission in accordance with its rulesthe rules of this commission. The award of the arbitration tribunal shall be final and legally binding on both of all the Parties.
Appears in 2 contracts
Samples: Agreement (Acorn International, Inc.), Agreement (Acorn International, Inc.)