Common use of Ethics and Conflicts of Interest Clause in Contracts

Ethics and Conflicts of Interest. Conflicts of interest relating to this Agreement are strictly prohibited. Except as otherwise expressly provided herein, neither Party to this Agreement, nor any employee or officer of either Party, shall, directly or indirectly, pay salaries, commissions or fees to employees or officers of the other Party, or designees of such employees or officers, or make to or receive from any employee or officer of the other, or designee of such employee or officer, any payments or rebates, or favor employees or officers of the other Party, or designees of such employees or officers, with gifts or entertainment of significant cost or value, or with services or goods sold at less than full market value, or enter into business arrangements with employees or officers of the other Party, unless such employees or officers are acting as representatives of that other Party.

Ethics and Conflicts of Interest. Conflicts of interest relating to this Agreement are strictly prohibited. Except as otherwise expressly provided herein, neither Party party to this Agreement, nor any employee or officer of either Partyparty, shall, directly or indirectly, pay salaries, commissions or fees to employees or officers of the other Partyparty, or designees of such employees or officers, or make to or receive from any employee or officer of the other, or designee of such employee or officer, any payments or rebates, or favor employees or officers of the other Partyparty, or designees of such employees or officers, with gifts or entertainment of significant cost or value, or with services or goods sold at less than full market value, or enter into business arrangements with employees or officers of the other Partyparty, unless such employees or officers are acting as representatives of that other Partyparty.