Anti-bribery & Corruption Policy
Ethical business practices are not only necessary for preserving reputability and improving business overall, but also for adhering to the law. CHK is committed with our anti-bribery and corruption policy ensuring full transparency on the overall negotiation process.
The [business partner] acknowledges that CHK will not tolerate any act in violation of any anti-bribery or anti-corruption or anti-money laundering laws or regulations in any commercial activity.
During the term of the Proposal, the [business partner] undertakes to adopt appropriate conduct to comply with the applicable legal provisions relating to corruption and economic crime.
The [business partner] guarantees to C.H.K that throughout the term of this Agreement:
- It will not be directly or indirectly involved in any activity, as well as its shareholders, partners, representatives, directors, directors or collaborators that may constitute a violation of any anti-bribery and corruption laws applicable to the [business partner] or C.H.K in the execution of this Agreement.
- Establish, maintain and apply policies, rules of conduct and accomplice, without forgetting to strengthen its corporate governance, as well as appropriate procedures and training to ensure compliance with anti-bribery or anti-corruption laws or regulations;
- It will immediately notify C.H.K of any act of bribery and corruption committed in the course of the execution of any Contract in progress between both Parties.
The [business partner] unconditionally and irrevocably assumes that its involvement in any act of bribery or corruption may be considered by C.H.K. as a material violation of this [Agreement], under penalty of termination thereof;