Bribe Clause Samples
A Bribe clause prohibits the offering, giving, receiving, or soliciting of any form of bribe or improper payment in connection with the agreement. It typically applies to all parties and their representatives, covering both direct and indirect actions, and may reference compliance with anti-bribery laws such as the Foreign Corrupt Practices Act or the UK Bribery Act. The core function of this clause is to ensure ethical conduct, prevent corruption, and protect the parties from legal and reputational risks associated with bribery.
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Bribe. It is possible to be immersed in a bribe situation when a proposal is received to benefit someone in an undue manner, against money, things, promises pr favors, present or future, to the detriment of the interest of the Company. The mere representation of the undue offer does not generate the act of corruption, provided that there is a refusal of the offer and the facts are denounced, according to the relevant provisions of the Ethics’ Code. The undue offers can be tangible or intangible things, such as services, training, discounts, loans, advantageous conditions to obtain a product or service, rewards, travels, transportation, tickets to concerts or entertainment, shares, utilization of vacation facilities, or recreational plans. For the purposes of the foregoing, Cenit’s workers must observe the relevant provisions in the Ethics’ Code.