Common use of Governing Laws and Dispute Resolution Clause in Contracts

Governing Laws and Dispute Resolution. 7.1 The execution, effectiveness, interpretation, performance, amendment and termination of this Agreement and the resolution of disputes hereunder shall be governed by the laws of the PRC. 7.2 In the event of any dispute arises with respect to the interpretation and the performance of this Agreement, the Parties shall negotiate in good faith to resolve such dispute. In the event the Parties fail to reach an agreement on the resolution of such a dispute within 30 days after any Party’s request for resolution of the dispute through negotiations, any Party may submit the relevant dispute to the China International Economic and Trade Arbitration Commission for arbitration, in accordance with its then-effective arbitration rules. The arbitration shall be conducted in Beijing, and the language used during arbitration shall be Chinese. The arbitration award shall be final and binding on both Parties. 7.3 Upon the occurrence of any dispute arising from the interpretation and performance of this Agreement or during the pending arbitration on any dispute, except for the matters under dispute, the Parties to this Agreement shall continue to exercise their respective rights and perform their respective obligations under this Agreement.

Governing Laws and Dispute Resolution. 7.1 The execution, effectiveness, interpretation, performance, amendment and termination of this Agreement and the resolution of disputes hereunder shall be governed by the laws of the PRC. 7.2 In the event of any dispute arises with respect to the interpretation and the performance of this Agreement, the Parties shall negotiate in good faith to resolve such dispute. In the event the Parties fail to reach an agreement on the resolution of such a dispute within 30 days after any Party’s request for resolution of the dispute through negotiations, any Party may submit the relevant dispute to the China International Economic and Trade Arbitration Commission for arbitration, in accordance with its then-effective arbitration rules. The arbitration shall be conducted in BeijingShanghai, and the language used during arbitration shall be Chinese. The arbitration award shall be final and binding on both Parties. 7.3 Upon the occurrence of any dispute arising from the interpretation and performance of this Agreement or during the pending arbitration on any dispute, except for the matters under dispute, the Parties to this Agreement shall continue to exercise their respective rights and perform their respective obligations under this Agreement.

Governing Laws and Dispute Resolution. 7.1 12.1 The execution, formation, effectiveness, interpretation, performance, amendment interpretation and termination performance of this Agreement Contract and the resolution of all disputes hereunder arising from or in connection with this Contract shall be governed by the laws of the PRCPeople’s Republic of China. 7.2 In 12.2 Any issue, dispute or controversy arising from the event of any dispute arises with respect to the interpretation and the execution, performance or otherwise of this Agreement, the Parties Contract between Party A and Party B shall negotiate in good faith to resolve such disputebe resolved through friendly consultation and negotiation. In the event If the Parties fail to reach an agreement on the resolution a solution within ninety (90) days after occurrence of such a dispute, such issue, dispute within 30 days after any Party’s request for resolution of the dispute through negotiations, any Party may submit the relevant dispute or controversy shall be submitted to the China Shanghai International Economic and Trade Arbitration Commission (Shanghai International Arbitration Center) for arbitration, arbitration in accordance with its then-effective arbitration rulesrules then in effect. The arbitration shall be conducted in Beijing, and the language used during arbitration shall be ChineseShanghai. The arbitration award shall be final and binding on both PartiesParties and the Parties agree to be bound by the arbitration award and shall act accordingly. Unless as otherwise determined by the award, the costs of arbitration shall be borne by the losing party. 7.3 Upon the occurrence of any dispute arising from the interpretation and performance of 12.3 The Parties shall continue to perform all matters under this Agreement or during the pending arbitration on any disputecourse of the arbitration, except for those provisions affected by the matters issues, disputes or controversy under dispute, the Parties to this Agreement shall continue to exercise their respective rights and perform their respective obligations under this Agreementarbitration.