Common use of Gratuities/Anti-Fraud Clause in Contracts

Gratuities/Anti-Fraud. MBV may, by written notice to Supplier, terminate the right of Supplier to proceed or continue under this Agreement if it is found that gratuities (in the form of money, entertainment, gifts, or otherwise), were offered or given by Supplier, or any agent or representative of Supplier to any officer or employee of MBV with a view toward securing this Agreement or securing favorable treatment with respect to the awarding or the making of any determinations with respect to the performance of this Agreement. Within the framework of its commercial dealings with MBV, the Supplier is obliged to desist from all practices which may lead to penal liability due to fraud or embezzlement, insolvency crimes, crimes in violation of competition, guaranteeing advantages, bribery, acceptance of bribes or other corruption crimes on the part of persons employed by the supplier or other third parties. In the event of violation of the above, MBV has the right to immediately withdraw from or terminate all legal transactions existing with the Supplier and the right to cancel all negotiations. The above notwithstanding, the Supplier is obliged to adhere to all laws and regulations applicable to both itself and the commercial relationship with MBV. In the event this Agreement is terminated as provided in this section, MBV shall be entitled to pursue the same remedies against Supplier as it could pursue in the event of a breach of this Agreement by Supplier. The rights and remedies of MBV provided in this section or any other section shall not be exclusive and are in addition to any other rights and remedies provided by law or equity or under this Agreement.