Common use of Settlement of Dispute Clause in Contracts

Settlement of Dispute. 13.1 This Agreement shall be governed by and construed in accordance with the PRC law. 13.2 The Parties hereto shall strive to settle any dispute arising from the interpretation or performance hereof through friendly consultation. In case no settlement can be reached through consultation, any Party may submit such dispute to China International Economic and Trade Arbitration Commission (“CIETAC”) for arbitration pursuant to the current CIETAC Rules. The arbitration shall be conducted in Chinese in Beijing. The arbitral award shall be final and binding upon the Parties.

Settlement of Dispute. 13.1 This Agreement shall be governed by and construed in accordance with the PRC law. 13.2 The Parties hereto shall strive to settle any dispute arising from the interpretation or performance hereof through friendly consultation. In case no settlement can be reached through consultation, any Party may submit such dispute to China International Economic and Trade Arbitration Commission (“CIETAC”) for arbitration pursuant to the current CIETAC Rulesarbitration. The arbitration shall be conducted in Chinese in BeijingBeijing pursuant to the CIETAC Rules. The arbitral award shall be final and binding upon the Parties.