Common use of Gifts, Inducements and Rewards Clause in Contracts

Gifts, Inducements and Rewards. The Institution shall be entitled to terminate the Agreement immediately, if the Contractor shall have offered or given or agreed to give to any person (including employees of the Institution) any gift or consideration of any kind as an inducement or reward for doing or forbearing to do or for having done or forbearing to do any action in relation to the obtaining or execution of the Agreement with the Institution or for showing or forbearing to show favour to any person in relation to any contract with the Institution or if the like acts shall have been done by any person employed by the Contractor or acting on its behalf (whether with or without the knowledge of the Contractor) or if in relation to any contract with the Institution the Contractor or any other person employed by him or acting on its behalf shall have committed an offence under the Penal Code (Cap. 224) or the Prevention of Corruption Act (Cap. 241) or any other statutory modification or re-enactment thereof for the time being in force in Singapore or shall have abetted or attempted to commit such offence or shall have given any fee or reward the receipt of which is an offence under the Penal Code (Cap. 224) or the Prevention of Corruption Act (Cap. 241) as the case may be or any statutory modification or re-enactment thereof for the time being in force in Singapore.

Gifts, Inducements and Rewards. The Institution Company shall be entitled to terminate the Agreement immediately, if the Contractor shall have offered or given or agreed to give to any person (including employees of the InstitutionCompany) any gift or consideration of any kind as an inducement or reward for doing or forbearing to do or for having done or forbearing to do any action in relation to the obtaining or execution of the Agreement with the Institution Company or for showing or forbearing to show favour to any person in relation to any contract with the Institution Company or if the like acts shall have been done by any person employed by the Contractor or acting on its behalf (whether with or without the knowledge of the Contractor) or if in relation to any contract with the Institution Company the Contractor or any other person employed by him or acting on its behalf shall have committed an offence under the Penal Code (Cap. 224) or the Prevention of Corruption Act (Cap. 241) or any other statutory modification or re-re- enactment thereof for the time being in force in Singapore or shall have abetted or attempted to commit such offence or shall have given any fee or reward the receipt of which is an offence under the Penal Code (Cap. 224) or the Prevention of Corruption Act (Cap. 241) as the case may be or any statutory modification or re-enactment thereof for the time being in force in Singapore.