“The Agreement shall be governed by and construed in accordance with China substantive law regardless of the conflict of law rules. Any dispute, controversy or claim arising out of or in connection with this Agreement, or the breach, termination or invalid ity thereof, shall be finally settled by arbitration in accordance with the Arbitration Rules of the China International Trade and Economy Arbitration Committee. The parties agree to exclude any right of application or appeal to the Courts with respect to an award by said arbitral tribunal. The language of the arbitral proceeding shall be English Language. The place of arbitration shall be Beijing, P.R.China.
Notwithstanding the above, may at the discretion of each, institute proceedings before any Court of general or special jurisdiction or before any other judicial body of competent jurisdiction in matters relating to the protection and enforcement of ownership rights in compliance with the Agreement and of intellectual property rights,including but not limited to trademarks, company names, trade names and domain names, and may also seek preliminary injunctive relief to secure their such rights. (Underlining supplied for emphasis)”