Corrupt Payments. The Parties recognize that the United States Foreign Corrupt Practices Act of 1977, the Corruption of Foreign Public Officials Act of Canada, and similar legislation of other countries, prohibit the payment or giving of anything of value either directly or indirectly to an official of a foreign government for the purpose of influencing an act or decision in his official capacity, or inducing him to use his influence with the foreign government, to assist a company in obtaining or retaining business for or with, or directing business to, any person. The Parties represent and covenant that they and their officers, directors and employees will not take any action which would constitute a violation of any such applicable law of any country.
Appears in 2 contracts
Sources: Preferred Supplier Agreement, Preferred Supplier Agreement (Tesco Corp)