I get hit a lot with that move he does (sorry, I don't know the name) where he shoots out the spirit of himself and it grabs you. It seems like it isn't, but is it blockable? I might just be my timing or only seeing it OTG or somewhere else I can't block but I don't think I've been able to block it at all. Also, his SRK gets me a lot.
I tend to play a combination of turtling and rushing, like any good Baiken ought to I'd think, but against Chipp I end up just trying to run away the whole time since I'm afraid to try to rush in cause I don't want to eat an SRK, or a spirit grab thing, or a leaf-vanish neck break move. (again, forgive my lack of the names here) Which then nets me stuck in a corner and at the best of his mercy for most of the match.
I dunno, I guess I just have to try blocking more and punishing his rushes more.