consultations between both parties. In case no settlement can be reached through consultations, the disputes shall be submitted to the Foreign Economic and Trade Arbitration Commission of the China Council for the Promotion of International Trade in Beijing for arbitration in accordance with its rules of procedure. The arbitral award is final and binding upon both parties.
Article 48 During the arbitration, the contract shall be observed and enforced by both parties except for the matters in dispute. Chapter 22 Language
Article 49 The contract shall be written in Chinese .
Chapter 23 Effectiveness of the Contract and Miscellaneous Article 50 The appendices drawn up in accordance with the principles of this contract are integral parts of this contract.
Article 51 The contract and its appendices shall come into force commencing from the date of approval
Article 52 Should notices in connection with any party's rights and obligations be sent by either Party A or Party B by telegram or telex, etc., the Written letter notices shall be also required afterwards. The legal addresses of Party A and Party B listed in this contract shall be the posting addresses.
Article 53 The contract is signed in __________, by the authorized representatives of both parties on _____. For Party A(Signature)
For Party B (Signature)
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