Common use of Ethics and Compliance Clause in Contracts

Ethics and Compliance. The Distributor shall not, directly or indirectly, sell or otherwise transfer the Products to any individual or entity (including countries) in violation of any sanctions adopted (now or in the future) by the United Nations (UN), the European Union (EU), the United States of America (US) or other foreign countries or international organizations and which are applicable (now or in the future) to the Company (the “Sanction Regime”). The Distributor shall promptly upon becoming aware inform the Company that the Distributor, or any of its direct or indirect owners, or any of its directors, officers or employees, becomes a person or entity sanctioned by the Sanction Regime. The Distributor shall procure that its related parties, personnel and subcontractors, at all times, conduct its/their business in a fair, ethical and lawful manner and in compliance with any and all laws and regulations on anti-bribery, anti-money laundering and other similar laws and regulations applicable its businesses and its affiliates, and avoid any unethical activities, including but not limited to bribery, money laundering, use of child labour, breach of human rights, or the imposition of unreasonable work conditions.