Settlement of Dispute. 7.1 In the event of any dispute with respect to or in connection with the construction and performance of the provisions of this Agreement, the Parties shall first negotiate in good faith to resolve the dispute. In the event the Parties fail to reach an agreement on the resolution of such a dispute, any Party may submit the relevant dispute to China International Economic and Trade Arbitration Commission in Shijiazhuang for binding arbitration. The languages used during arbitration shall be Chinese. The arbitration shall be final and binding on both Parties. 7.2 The Parties shall in good faith in all other respects continue their implementation of this Agreement except issues in dispute between the Parties.
Appears in 11 contracts
Samples: Business Operation Agreement (Fincera Inc.), Business Operation Agreement (AutoChina International LTD), Business Operation Agreement (AutoChina International LTD)
Settlement of Dispute. 7.1 8.1 In the event of any dispute with respect to or in connection with the construction and performance of the provisions of this Agreement, the Parties shall first negotiate in good faith to resolve the dispute. In the event the Parties fail to reach an agreement on the resolution of such a dispute, any Party may submit the relevant dispute to China International Economic and Trade Arbitration Commission in Shijiazhuang for binding arbitration. The languages used during arbitration shall be Chinese. The arbitration shall be final and binding on both Parties.
7.2 8.2 The Parties shall in good faith in all other respects continue their implementation of this Agreement except issues in dispute between the by Parties.
Appears in 11 contracts
Samples: Services Agreement (Fincera Inc.), Services Agreement (AutoChina International LTD), Services Agreement (AutoChina International LTD)