Common use of Methods of Resolution of Disputes Clause in Contracts

Methods of Resolution of Disputes. In the event of any dispute with respect to 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 within 30 days after either Party’s request to the other Party for resolution of the dispute through negotiations, either Party may submit the relevant dispute to the China International Economic and Trade Arbitration Commission (“CIETAC”) for arbitration, in accordance with its then effective arbitration rules. The arbitration shall be held in Beijing, and the language used during arbitration shall be Chinese. The arbitration ruling shall be final and binding on both Parties.

Appears in 2 contracts

Samples: Exclusive Intellectual Property Purchase Agreement (Secoo Holding LTD), Exclusive Intellectual Property Purchase Agreement (Secoo Holding LTD)

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Methods of Resolution of Disputes. In the event of any dispute with respect to 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 within 30 days after either any Party’s 's request to the other Party for resolution of the dispute through negotiations, either any Party may submit the relevant dispute to the China International Economic and Trade Arbitration Commission (“CIETAC”) for arbitration, in accordance with its then then-effective arbitration rules. The arbitration shall be held conducted in Beijing, and the language used during arbitration shall be Chinese. The arbitration ruling shall be final and binding on both Parties.

Appears in 2 contracts

Samples: Exclusive Option Agreement (China Hospitals Inc), Exclusive Option Agreement (China Hospitals Inc)

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Methods of Resolution of Disputes. In the event of any dispute with respect to the construction and performance of the provisions of this Agreement, the Parties shall first negotiate in good faith to resolve the disputesame. In the event Upon failure by the Parties fail to reach an agreement on the resolution of such a dispute within 30 days after either Party’s any Party submits a request to the other Party for resolution of the dispute resolve same through negotiations, either any Party may submit the relevant dispute to the China International Economic Economics and Foreign Trade Arbitration Commission (“CIETAC”) Shanghai Chapter for resolution by arbitration, in accordance with its then then-effective arbitration rules. The arbitration shall be held performed in BeijingShanghai, and the language used during arbitration shall be Chinese. The arbitration ruling shall be final and binding on both Parties.

Appears in 2 contracts

Samples: Exclusive Option Agreement (Ctrip Com International LTD), Exclusive Option Agreement (Ctrip Com International LTD)

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