Transactions Between Related Parties. Contractor shall identify and report to County any transaction between Contractor and a related party that is part of the work that County is purchasing under this Contract before entering into the transaction or immediately upon discovery. A related party is a person or entity related to the Contractor by blood or marriage, common ownership or any association that permits either to significantly influence or direct the actions or policies of the other. Contractor, for purposes of reporting transactions between related parties, includes the entity contracting with County under this Contract as well as the chief executive officer, chief financial officer and program director of the Contractor. Contractor shall submit to County the name, address and telephone number of the related party, how the party is related to Contractor and the work the related party shall perform under the Contract. Contractor shall comply with Texas Government Code Chapter 573. Contractor shall maintain records and supply any additional information requested by County, regarding a transaction between related parties, needed to enable County to determine the appropriateness of the transaction pursuant to applicable state or federal law, regulations or circulars, which may include 45 CFR § 74.42.
Appears in 2 contracts
Sources: Contract for Services, Contract for Services