Common use of Settlement of Dispute Clause in Contracts

Settlement of Dispute. The parties shall strive to settle any dispute arising from the interpretation or performance of this Agreement through friendly consultation. In case no settlement can be reached through consultation within thirty (30) days after such dispute is raised, each party can submit such matter to China International Economic and Trade Arbitration Commission South China Sub-Commission in Shenzhen in accordance with its rules then in effect. The arbitration shall take place in Shenzhen. The arbitration award shall be final, conclusive and binding upon both parties.

Appears in 2 contracts

Sources: Pledge of Equity Agreement (Tianli Agritech, Inc.), Pledge of Equity Agreement (Tai Shan Communications, Inc.)

Settlement of Dispute. The parties shall strive to settle any dispute arising from the interpretation or performance of this Agreement through friendly consultation. In case no settlement can be reached through consultation within thirty (30) days after such dispute is raised, each party can submit such matter to China International Economic and Trade Arbitration Commission South China Sub-Commission in Shenzhen commission in accordance with its rules then in effect. The arbitration shall take place in Shenzhen. The arbitration award shall be final, conclusive and binding upon both parties.

Appears in 1 contract

Sources: Pledge of Equity Agreement (Shangri-La Tibetan Pharmaceuticals, Inc.)

Settlement of Dispute. The parties shall strive to settle any dispute arising from the interpretation or performance of this Agreement through friendly consultation. In case no settlement can be reached through consultation within thirty (30) days after such dispute is raised, each party can submit such matter dispute to China International Economic and Trade Arbitration Commission South China Sub-Commission in Shenzhen in accordance with its rules then in effect. The arbitration shall take place in Shenzhen. The arbitration award shall be final, conclusive and binding upon both parties.

Appears in 1 contract

Sources: Pledge of Equity Agreement (Anpulo Food, Inc.)

Settlement of Dispute. The parties Parties shall strive to settle any dispute arising from the interpretation or performance of this Agreement through friendly consultation. In case no settlement can be reached through consultation within thirty (30) days after such dispute is raised, each party Party can submit such matter dispute to South China International Economic and Trade Arbitration Commission South China Sub-Commission in Shenzhen in accordance with its rules then in effect. The arbitration shall take place in Shenzhen. The arbitration award shall be final, conclusive and binding upon both partiesParties.

Appears in 1 contract

Sources: Pledge of Equity Agreement (China Customer Relations Centers, Inc.)

Settlement of Dispute. The parties shall strive to settle any dispute arising from the interpretation or performance of this Agreement through friendly consultation. In case no settlement can be reached through consultation within thirty (30) days after such dispute is raised, each party can submit such matter to China International Economic and Trade Arbitration Commission South China Sub-Commission (the “CIETAC”) in Shenzhen Beijing in accordance with its rules then in effectrules. The arbitration shall take place in ShenzhenBeijing. The arbitration award shall be final, conclusive and binding upon both parties.

Appears in 1 contract

Sources: Pledge Agreement (Biostar Pharmaceuticals, Inc.)

Settlement of Dispute. The parties shall strive to settle any dispute arising from the interpretation or performance of this Agreement through friendly consultation. In case no settlement can be reached through consultation within thirty (30) days after such dispute is raised, each party can submit such matter to China International Economic and Trade Arbitration Commission South China Sub-Commission in Shenzhen (the "CIETAC") in accordance with its rules then in effectrules. The arbitration shall take place in ShenzhenBeijing. The arbitration award shall be final, conclusive and binding upon both parties.

Appears in 1 contract

Sources: Share Pledge Agreement (Parallel Technologies Inc)

Settlement of Dispute. The parties shall strive to settle any Any dispute arising from the interpretation or performance of this Agreement through friendly consultationagreement, both parties shall negotiate with each other friendly. In case no If the settlement can fails to be reached through consultation solved within thirty (30) 30 days after such dispute is raisedone party sends the written notice on negotiation to the other party, each any party can submit such matter the dispute to China International Economic and Trade Arbitration Commission, and this Commission South China Sub-Commission in Shenzhen in accordance with its rules then in effectwill arbitrate according to the current effective arbitration rule. The arbitration location: Beijing, and the arbitration language is Chinese. The arbitration shall take place in Shenzhen. The arbitration be final award shall be final, conclusive and with binding upon both partiesforce to each party.

Appears in 1 contract

Sources: Exclusive Purchase Right Agreement (CNC Development Ltd.)

Settlement of Dispute. The parties shall strive to settle any dispute arising from the interpretation or performance of this Agreement through friendly consultation. In case no settlement can be reached through consultation within thirty (30) days after such dispute is raised, each party can submit such matter to China International Economic and Trade Arbitration Commission South China Sub-Commission in Shenzhen in accordance with its rules then located in effect. The arbitration shall take place in Shenzhen. Beijing The arbitration award shall be final, conclusive and binding upon both parties.

Appears in 1 contract

Sources: Pledge of Equity Agreement (Asia Carbon Industries, Inc.)

Settlement of Dispute. The parties shall strive to settle any dispute arising from the interpretation or performance of this Agreement through friendly consultation. In case no settlement can be reached through consultation within thirty (30) days after such dispute is raised, each party can submit such matter to the China International Economic and Trade Arbitration Commission South China Sub-Commission in Shenzhen (the "CIETAC") in accordance with its rules then in effectrules. The arbitration shall take place in ShenzhenBeijing. The arbitration award shall be final, conclusive and binding upon both parties.

Appears in 1 contract

Sources: Share Pledge Agreement (Paperclip Software Ince)

Settlement of Dispute. The parties Parties shall strive to settle any dispute arising from the interpretation or performance of this Agreement through friendly consultation. In case no settlement can be reached through consultation within thirty (30) days after such dispute is raised, each party can submit such matter to China Shanghai International Economic and Trade Arbitration Commission South China Sub-Commission (the “SHIAC”) in Shenzhen Shanghai in accordance with its rules then in effect. The arbitration shall take place in ShenzhenShanghai. The arbitration award shall be final, conclusive and binding upon both parties.

Appears in 1 contract

Sources: Share Equity Pledge Agreement (Comjoyful International Co)

Settlement of Dispute. The parties Parties shall strive to settle any dispute arising from the interpretation or performance of this Agreement through friendly consultation. In case no settlement can be reached through consultation within thirty (30) days after such dispute is raised, each party can submit such matter to China International Economic and Trade Arbitration Commission South China Sub-Commission (the "CIETAC") in Shenzhen Beijing in accordance with its rules then in effect. The arbitration shall take place in ShenzhenBeijing. The arbitration award shall be final, conclusive and binding upon both parties.

Appears in 1 contract

Sources: Share Equity Pledge Agreement (BRS Group Inc)

Settlement of Dispute. The parties Parties shall strive to settle any dispute arising from the interpretation or performance of this Agreement through friendly consultation. In case no settlement can be reached through consultation within thirty (30) days after such dispute is raised, each party can submit such matter to China International Economic and Trade Arbitration Commission South China Sub-Commission (the “CIETAC”) in Shenzhen in accordance with its rules then in effect. The arbitration shall take place in Shenzhen. The arbitration award shall be final, conclusive and binding upon both parties.

Appears in 1 contract

Sources: Shares Pledge Agreement (JINHAO MOTOR Co)

Settlement of Dispute. The parties shall strive to settle any dispute arising from the interpretation or performance of this Agreement through friendly consultation. In case no settlement can be reached through consultation within thirty (30) days after such dispute is raisedarises, each party can submit such matter to China International Economic and Trade Arbitration Commission South China Sub-Commission in Shenzhen (the “CIETAC”) in accordance with its rules then in effectrules. The arbitration shall take place in ShenzhenBeijing. The arbitration award shall be final, conclusive and binding upon both parties.

Appears in 1 contract

Sources: Shares Pledge Agreement (Huifeng Bio-Pharmaceutical Technology, Inc.)