Common use of Fair Trade Practices Clause in Contracts

Fair Trade Practices. Mannatech shall at all times comply with international fair trade practices. Wellness shall have the right to terminate this Agreement upon seven (7) days prior written notice to Mannatech or its representatives in the event that Mannatech, 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 Wellness’ goodwill, name, reputation or stock; engages in any conduct contrary to the best interests of Wellness; 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 Wellness into public disrepute.

Appears in 2 contracts

Samples: Royalty Agreement, Royalty Agreement (Mannatech Inc)

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Fair Trade Practices. Mannatech Wellness shall at all times comply with international fair trade practices. Wellness Mannatech shall have the right to terminate this Agreement upon seven (7) days prior written notice to Mannatech Wellness or its representatives in the event that MannatechWellness, 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 Wellness’ Mannatech’s goodwill, name, reputation or stock; engages in any conduct contrary to the best interests of WellnessMannatech; 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 Wellness Mannatech into public disrepute.

Appears in 2 contracts

Samples: Royalty Agreement, Royalty Agreement (Mannatech Inc)

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