Common use of Third Party Risk Management Clause in Contracts

Third Party Risk Management. 8.1.1. Novartis expects Suppliers with whom work to respect the laws and adopt the ethical business principles set out in the Novartis Third Party Code. The Novartis Third-Party Code and other codes, policies, and guidelines ("Novartis Third Party Standards") related to suppliers are available on the website: ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/supplier-portal 8.1.2. Suppliers should become familiar with the Novartis Third Party Standards and should provide all information required by Novartis in relation to its practices: Labor Rights, Health, Safety, Environmental, Animal Welfare, Anti-Bribery, Fair Competition, Data Privacy and Information Protection, Responsible Minerals, Quality GMP, Trade Sanctions and Export Controls in the required form. Novartis (or the third-party specialists that it has designated), will have sufficient and adequate access to audit the compliance of these Third Party Standards 8.1.3. Suppliers shall commit their best efforts to remedy cases of identified non-compliance and report to Novartis the progress of these cases, when required. At Novartis' sole discretion, the failure to comply with these Standards of Conduct by the Supplier will grant Novartis the right of terminating the business relationship of this Purchase Order, without the Supplier is, entitled to the payment of any compensation, fine or indemnity. The Supplier confirms having read and understanding all the Novartis Third Party Standards.

Third Party Risk Management. 8.1.1. Novartis expects Suppliers with whom work to respect the laws and adopt the ethical business principles set out in the Novartis Third Party Code. The Novartis Third-Party Code and other codes, policies, and guidelines ("Novartis Third Party Standards") related to suppliers are available on the website: ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/supplier-portal 8.1.2. Suppliers should become familiar with the Novartis Third Party Standards and should provide all information required by Novartis in relation to its practices: Labor Rights, Health, Safety, Environmental, Animal Welfare, Anti-Bribery, Fair Competition, Data Privacy and Information Protection, Responsible Minerals, Quality GMP, Trade Sanctions and Export Controls in the required form. Novartis (or the third-third- party specialists that it has designated), will have sufficient and adequate access to audit the compliance of these Third Party Standards 8.1.3. Suppliers shall commit their best efforts to remedy cases of identified non-compliance and report to Novartis the progress of these cases, when required. At Novartis' sole discretion, the failure to comply with these Standards of Conduct by the Supplier will grant Novartis the right of terminating the business relationship of this Purchase Order, without the Supplier is, entitled to the payment of any compensation, fine or indemnity. The Supplier confirms having read and understanding all the Novartis Third Party Standards.