ALL DISPUTES IN CONNECTION WITH THIS CONTRACT SHALL BE SETTLED THROUGH FRIENDLY NEGOTIATION. IN CASE NO SETTLEMENT CAN BE REACHED THROUGH NEGOTIATION, THE CASE SHOULD THEN BE SUBMITTED TO THE FOREIGN TRADE ARBITRATION COMMISSION OF CHINA COUNCIL FOR THE PROMOTION OF INTERNATIONAL TRADE FOR ARBITRATION WITH ITS PROVISIONAL RULES OF PROCEDURE. THE ARBITRATION SHALL BE CONDUCTED IN BEIJING AND THE DECISION MADE BY THE SAID COMMISSION SHALL BE FINAL AND BINDING UPON BOTH PARTIES. THE ARBITRATION FEES SHALL BE BORNE BY THE LOSING PARTY.
ALL DISPUTES IN CONNECTION WITH THIS CONTRACT SHALL BE SETTLED FRIENDLY THROUGH NEGOTIATION. IN CASE NO SETTLEMENT CAN BE REACHED THROUGH NEGOTIATION, THE CASE SHOULD THEN BE SUBMITTED FOR ARBITRATION. THE ARBITRATION SHALL TAKE PLACE IN THE COUNTRY WHERE THE DEFENDANT RESIDES OR IN THE THIRD COUNTRY MUTUALLY AGREED UPON BY BOTH PARTIES. THE DECISION OF ARBITRATION SHALL BE FINAL AND BINDING UPON BOTH PARTIES