COMPETITION AND FAIR DEALING Clause Samples

COMPETITION AND FAIR DEALING. We seek to outperform our competition fairly and honestly. We seek competitive advantages through superior performance, never through unethical or illegal business practices. Stealing proprietary information, possessing and using trade secret information that was obtained without the owner's consent, or inducing such disclosures by past or present employees of other companies is prohibited. Each employee should endeavor to respect the rights of and deal fairly with the Company's customers, suppliers, competitors and employees. No employee should take unfair advantage of anyone through manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or any other intentional unfair-dealing practice. To maintain the Company's valuable reputation, compliance with our quality processes and safety requirements is essential. In the context of ethics, it is a quality requirement that our products and services be designed and manufactured to meet our obligations to customers. All inspection and testing documents must be handled in accordance with all applicable regulations. The purpose of business entertainment and gifts in a commercial setting is to create good will and sound working relationships, not to gain unfair advantage with customers. Employees may never give or receive cash gifts. No gift or entertainment should ever be offered, given, provided or accepted by any Company employee, family member of an employee or permanent consultant unless it is appropriately modest in value; fully consistent with all laws or regulations; is consistent with customary business practices (including the practices of the Company); and cannot be construed as a bribe or improper inducement. Company employees and permanent consultants may not, under any circumstances, solicit any third party to violate the above on behalf of the Company or any affiliate of the Company. National laws and international treaties penalize illicit payments, especially to government officials, political figures, and their families. Penalties for violating these obligations can be severe - including imprisonment for individuals and potentially devastating financial penalties and negative publicity for companies. The Company emphasizes its insistence upon scrupulous adherence to all applicable standards regarding gifts and entertainment by all employees, and permanent consultants. Please discuss with your supervisor any gifts or plans that you are not certain are appropri...