Common use of Fraudulent Practice Clause in Contracts

Fraudulent Practice. Any omission or misrepresentation that may mislead or attempt to mislead so that financial or other benefits may be obtained or an obligation avoided. This includes making false declaration or providing false information for participation in a tender process or to secure a contract or in execution of the contract.

Fraudulent Practice. Any omission any act or misrepresentation omission, including a misrepresentation, that may mislead knowingly or attempt recklessly misleads, or attempts to mislead so that mislead, a party to obtain a financial or other benefits may be obtained or an obligation avoided. This includes making false declaration or providing false information for participation in a tender process benefit or to secure a contract or in execution of the contractavoid an obligation.