Common use of Fair Trade Practices Clause in Contracts

Fair Trade Practices. Wellness shall at all times comply with international fair trade practices. Mannatech shall have the right to terminate this Agreement upon seven (7) days prior written notice to Wellness or its representatives in the event that Wellness, its officers, executives, partners, directors, principals, employees, attorneys or agents, does any of the following: engages in illegal, immoral, or criminal conduct resulting in a criminal indictment with a substantial likelihood of conviction; misrepresents or conceals anything in its background that could be detrimental to the value of Mannatech’s goodwill, name, reputation or stock; engages in any conduct contrary to the best interests of Mannatech; engages in conduct that offends the sensitivities of a significant portion of the population, including, without limitations, use of child labor, acts contrary to international standards for the treatment of employees or the environment, abrogates the rights of employees to congregate and the like; or engages in conduct that could bring Mannatech into public disrepute.

Appears in 2 contracts

Samples: Commercial Licensing & Royalty Agreement, Commercial Licensing & Royalty Agreement (Mannatech Inc)

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Fair Trade Practices. Wellness Mannatech shall at all times comply with international fair trade practices. Mannatech Wellness shall have the right to terminate this Agreement upon seven (7) days prior written notice to Wellness Mannatech or its representatives in the event that WellnessMannatech, its officers, executives, partners, directors, principals, employees, attorneys or agents, does any of the following: engages in illegal, immoral, or criminal conduct resulting in a criminal indictment with a substantial likelihood of conviction; misrepresents or conceals anything in its background that could be detrimental to the value of Mannatech’s Wellness’ goodwill, name, reputation or stock; engages in any conduct contrary to the best interests of MannatechWellness; engages in conduct that offends the sensitivities of a significant portion of the population, including, without limitations, use of child labor, acts contrary to international standards for the treatment of employees or the environment, abrogates the rights of employees to congregate and the like; or engages in conduct that could bring Mannatech Wellness into public disrepute.

Appears in 2 contracts

Samples: Commercial Licensing & Royalty Agreement, Commercial Licensing & Royalty Agreement (Mannatech Inc)

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