Common use of Elimination of Anti Clause in Contracts

Elimination of Anti. social Forces) 1. Any Party (in the case of a corporation, including its officers and employees) shall represent and warrant to the other Parties as set forth in the following Items: (i) It does not fall under an organized crime group, an organized crime group member, an organized crime group associate member, a person for whom five (5) years have not yet passed since the time when it ceased to be an organized crime group member, a company related to an organized crime group, a corporate racketeer, a group engaging in criminal activities under the pretext of conducting political activities or religious activities or social campaigns, a crime group specialized in intellectual crimes or any other person equivalent thereto (collectively, “Anti-social Forces”); (ii) It is not a party who allows Anti-social Forces to utilize its name to execute this Agreement, and (iii) It does not conduct or use a third party to conduct the following acts: A. act of using threatening behavior or violence toward the other party, or B. act of obstructing the business of the other party or defaming the other party by the use of fraudulent means or force. 2. If any of the Parties falls under any of the Items set forth above, the other Parties may immediately terminate this Agreement in relation to the Party falling under such Item without making any demand and without obtaining the consent of the Parties other than the Party falling under such Item and have the Party falling under such Item withdraw from the Collaborative Research: (i) if it was discovered that it made any statement that violates the commitment set forth in (i) of Article 30.1; (ii) if it was discovered that it made a contract in violation of the commitment set forth in (ii) of Article 30.1, or (iii) if it conducted any act which violates the commitment set forth in (iii) of Article 30.1. 3. The Parties shall not be liable for any damages that the other Parties may incur due to the termination of this Agreement pursuant to Article 30.2.