Common use of SCOPE & TERM Clause in Contracts

SCOPE & TERM. 1.1. Company will consider supporting the Event organised by organiser for the purpose as specified in Exhibit ‘A’ 1.2. The Sponsored amount as mentioned in Exhibit ‘B’, shall be paid either by company cheque payable to the Payee as mentioned in Exhibit ‘B’ or directly into the organizer’s designated account for receiving the sponsorship upon receipt of a duly signed copy of this Agreement and invoice as per applicable laws. The said payment will be subject to deduction of taxes under applicable laws and statutes including TDS. 1.3. In lieu of said sponsorship, Company will receive the branding opportunities during the program as mentioned in Exhibit ‘B’. 1.4. In case the event is cancelled by the Organizer due to any reason whatsoever, the Organizer shall be liable to return entire amount paid by the Company within a period of Fifteen (15) days. However, the Organizer has deferred the event; in that case, the Company shall have an option either to continue with the sponsorship or get the refund of the sponsorship amount. 1.5. Such financial support is provided for the purpose of continuous medical education and is not connected to the purchase of Company products. The said amount may only be used to cover conference related legitimate expenses and should not be used to provide any undue benefit to anyone. Such payment will not be used to support any entertainment/social program, any personal purpose, investment purpose or for any purpose not in any way directly in furtherance of the conference. The organizer shall keep transparent, accurate and complete records of the sponsorship amount and its use. 1.6. The organizer hereby represents and warrants to Company that the Organizer shall comply at all times with the laws of the Jurisdiction and be in full compliance with all applicable laws and regulation and without prejudice to the foregoing, the organizer agree that it shall not, in violation of laws, pay, offer or authorize to pay anything of value, directly or indirectly, to any person or organizer, including without limitation to a governmental official, political party, state-owned enterprise or public organizer (in the form of compensation, gifts or donation), nor shall it provide any training, further study opportunity or monetary donation as a condition to obtain improper rights or interest, or to assist Company to obtain or retain business or to secure some improper business advantage.

SCOPE & TERM. 1.1. Company will consider supporting the Event organised by organiser for the purpose as specified in Exhibit ‘A’. 1.2. The Sponsored amount as mentioned in Exhibit ‘B’, shall be paid either by company cheque payable to the Payee as mentioned in Exhibit ‘B’ or directly into the organizer’s designated account for receiving the sponsorship upon receipt of a duly signed copy of this Agreement and invoice as per applicable laws. The said payment will be subject to deduction of taxes under applicable laws and statutes including TDS. 1.3. In lieu of said sponsorship, Company will receive the branding opportunities during the program as mentioned in Exhibit ‘B’. 1.4. In case the event is cancelled by the Organizer due to any reason whatsoever, the Organizer shall be liable to return entire amount paid by the Company within a period of Fifteen (15) days. However, the Organizer has deferred the event; in that case, the Company shall have an option either to continue with the sponsorship or get the refund of the sponsorship amount. 1.5. Such financial support is provided for the purpose of continuous medical education and is not connected to the purchase of Company products. The said amount may only be used to cover conference related legitimate expenses and should not be used to provide any undue benefit to anyone. Such payment will not be used to support any entertainment/social program, any personal purpose, investment purpose or for any purpose not in any way directly in furtherance of the conference. The organizer shall keep transparent, accurate and complete records of the sponsorship amount and its use. 1.6. The organizer hereby represents and warrants to Company that the Organizer shall comply at all times with the laws of the Jurisdiction and be in full compliance with all applicable laws and regulation and without prejudice to the foregoing, the organizer agree that it shall not, in violation of laws, pay, offer or authorize to pay anything of value, directly or indirectly, to any person or organizer, including without limitation to a governmental official, political party, state-owned enterprise or public organizer (in the form of compensation, gifts or donation), nor shall it provide any training, further study opportunity or monetary donation as a condition to obtain improper rights or interest, or to assist Company to obtain or retain business or to secure some improper business advantage.