The Blog

Anti Bribery Clause In Vendor Agreement

Like an employment contract clause, a contractual clause of the supplier should stipulate that the company distances itself from third parties, such as for example. B a supplier, who offer or accept bribes. The supplier`s contractual clause should make it clear that by signing the supplier contract, they are committing to the company`s strict standards of corruption. This means not doing anything that could cause damage to the subscriber`s reputation, having the right procedures to prevent corruption, complying with all audits performed and much more. If an employee is found guilty of offering bribes, promising, giving, asking, accepting or accepting while working for a given organization, his employer has every right to terminate his employment contract with immediate effect and should do so. . . .