Common use of The Foreign Corrupt Practices Act Clause in Contracts

The Foreign Corrupt Practices Act. 1. The Foreign Corrupt Practices Act of 1977 (“FCPA”), as amended, Xxxxx 00, Xxxxxx Xxxxxx Code, Sections 78dd-l, et seq., was enacted by Congress for the purpose of, among other things, making it unlawful for certain classes of persons and entities to act corruptly in furtherance of an offer, promise, authorization, or payment of money or anything of value to a foreign government official for the purpose of securing any improper advantage, or of obtaining or retaining business for, or directing business to, any person. The FCPA also requires that any issuer of securities shall make and keep books, records, and accounts, which, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the issuer.

The Foreign Corrupt Practices Act. 1. The Foreign Corrupt Practices Act of 1977 (“FCPA”), as amended, Xxxxx 00, Xxxxxx Xxxxxx Code, Sections 78dd-l78dd-1, et seq., was enacted by Congress for the purpose of, among other things, making it unlawful for certain classes of persons and entities to act corruptly in furtherance of an offer, promise, authorization, or payment of money or anything of value to a foreign government official for the purpose of securing any improper advantage, or of obtaining or retaining business for, or directing business to, any person. The FCPA also requires that any issuer of securities shall make and keep books, records, and accounts, which, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the issuer.