Service Provider Not to Benefit from Commissions and Discounts Sample Clauses

The 'Service Provider Not to Benefit from Commissions and Discounts' clause prohibits the service provider from personally profiting from any commissions, discounts, or similar benefits that may arise in the course of providing services to the client. In practice, this means that if the service provider negotiates purchases or contracts on behalf of the client, any rebates or incentives received must be passed on to the client rather than retained by the provider. This clause ensures transparency and prevents conflicts of interest, safeguarding the client's financial interests by ensuring that all cost savings or benefits accrue to them rather than the service provider.
Service Provider Not to Benefit from Commissions and Discounts. The remuneration of the Service Provider pursuant to Clause 6 shall constitute the Service Provider's sole remunerationinconnectionwiththisContractortheServices,andtheServiceProvidershallnotacceptfortheir own benefit any trade commission, discount, or similar payment in connection with activities pursuant to this Contractor to the Services or in the discharge of their obligations under the Contract, and the Service Provider shall use their best efforts to ensure that the Personnel, any Subcontractors, and agents of either of them similarly shall not receive any such additional remuneration.
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