Common use of Anti-Commercial Bribery Clause in Contracts

Anti-Commercial Bribery. 19.1 The Parties understand and are willing to strictly abide by the anti-commercial bribery laws and regulations of the People’s Republic of China, and are also aware that any form of bribery and corruption will violate the law and be severely punished. 19.2 No Party shall request, accept, offer, or provide any benefits other than those agreed hereunder to the other Party or its agent or other related personnel, including but not limited to any express or implied deduction, cash, shopping card, benefit in kind, securities, travel or other non-material benefits. Any benefits falling within industry or normal practices shall be expressly stated in the Agreement. 19.3 The Parties shall strictly prohibit their agents from any commercial bribery. If any agent of any Party commits any actions stated in paragraph 2 of this Article, it shall be deemed as in violation of company regulations and shall be punished according to company regulations and national laws. 19.4 The Parties are opposed that any Party or its agent commits any actions stated in paragraph 2 of this Article with any third parties other than Parties hereto for the purpose of this Contract. Any such actions are in violation of and will be punished by national laws. 19.5 If any Party or its agent violates the provisions of paragraphs 2, 3, or 4 above and causes losses to the other Party, such losses shall be borne by the violating Party. 19.6 For the purpose of this Article, “Other Related Personnel” refers to persons (other than agents of the Parties) who are directly or indirectly interested in the contract, including but not limited to relatives and friends of such agent.

Appears in 2 contracts

Samples: Information Technology Service Agreement (Oneconnect Financial Technology Co., Ltd.), Information Technology Service Agreement (Oneconnect Financial Technology Co., Ltd.)

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Anti-Commercial Bribery. 19.1 20.1 The Parties understand and are willing to strictly abide by the anti-commercial bribery laws and regulations of the People’s Republic of ChinaPRC, and are also aware that any form forms of bribery and or corruption will violate the law and be severely punished. 19.2 20.2 No Party shall request, accept, offer, offer or provide any benefits other than those agreed hereunder to the other Party or its agent or other related personnel, including but not limited to any express or implied deduction, cash, shopping card, benefit in kind, securities, travel or other non-material benefits. Any benefits falling within industry or normal practices shall be expressly stated in the Agreement. 19.3 20.3 The Parties shall strictly prohibit their agents from any commercial bribery. If any agent of any Party commits any actions stated in paragraph 2 of this Article, it shall be deemed as in violation of company regulations and shall be punished according to company regulations and national laws. 19.4 20.4 The Parties are opposed that any Party or its agent commits any actions stated in paragraph 2 of this Article with any third parties other than Parties hereto for the purpose of this Contractthe Agreement. Any such actions are in violation violations of and will be punished by national laws. 19.5 20.5 If any Party or its agent violates the provisions of paragraphs 2, 3, 3 or 4 above and causes losses to the other Party, such losses shall be borne by the violating Party. 19.6 20.6 For the purpose of this Article, Other Related Personnel” Personnel refers to persons (other than agents of the Parties) who are directly or indirectly interested in the contractAgreement, including but not limited to relatives and friends of such agent.

Appears in 2 contracts

Samples: Technology Service Agreement (Oneconnect Financial Technology Co., Ltd.), Technology Service Agreement (Oneconnect Financial Technology Co., Ltd.)

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Anti-Commercial Bribery. 19.1 The Parties understand and are willing to strictly abide by the anti-commercial bribery laws and regulations of the People’s 's Republic of China, and are also aware that any form of bribery and corruption will violate the law and will be severely punishedpunished by the law. 19.2 No Party shall request, accept, offer, offer or provide give any benefits other than those agreed hereunder to the from any other Party party or its agent or other related relevant personnel, including but not limited to any express or implied deduction, cash, shopping card, benefit in kind, negotiable securities, travel or other non-material benefits. Any benefits falling within industry or normal practices common practice shall be expressly stated in the Agreement. 19.3 The Parties shall strictly prohibit their agents from any commercial bribery. If any agent of any Party commits any actions stated in paragraph 2 of this Article, it shall be deemed as in violation of company regulations and shall be punished according to by the company regulations and national laws.. ​ 19.4 The Parties are opposed that any Party party or its agent commits any actions stated in paragraph 2 of this Article with any third parties party other than the Parties hereto for the purpose of this Contractthe Agreement. Any such actions are in violation of and will be punished by national laws. 19.5 If any Party party or its agent violates the provisions of paragraphs 2, 3, or 3 and 4 above and causes losses to the other Partyparties, such losses shall be borne by the violating Party. 19.6 For the purpose of this Article, “Other Related Personnel” refers to the persons (other than the agents of the Parties) , who are directly have direct or indirectly indirect interested in the contractAgreement, including but not limited to the relatives and friends of such agentagents.

Appears in 1 contract

Samples: Information Technology Service Agreement (Oneconnect Financial Technology Co., Ltd.)

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