Common use of Compliance with Governing Laws and Regulations Clause in Contracts

Compliance with Governing Laws and Regulations. The Parties acknowledge and agree that all business activities shall be conducted ethically, with integrity, and in full compliance with both the letter and the spirit of the laws and regulations applicable to those activities. This commitment applies without limitation to the award of contracts/subcontracts on an impartial/competitive basis, personal business conduct, internal control systems, the offering/giving/receiving of gifts or anything of value, and correct documentation and registration of financial accounts. Neither Buyer nor its employees are authorized to operate on Seller’s behalf in an illegal manner or in contrast with Xxxxxx’s business-conduct policies and vice-versa. Should a Party ever receive, directly or indirectly from any of the other Party’s representatives or agents, a request that the Party believes is contrary to the provisions of this clause, that Party shall immediately notify the other Party’s general counsel. Without limiting the generality of the foregoing or the effect of any other provision of this Agreement, and to the extent either Party performs any work or obtains or sells any of the products in relation to this Agreement in or from a foreign country: