Bribery Agreement

U.S. law is particularly strict with respect to limiting the ability of companies to pay for the award of contracts by foreign governments; However, the Foreign Corrupt Practices Act provides an exception for “fat payments”; In principle, this allows for payments to public servants to obtain the execution of departmental records to which they are legally bound, but can be delayed without such payment. In some countries, this practice is the norm, often due to the fact that a developing country does not have the tax structure to pay a living wage to civil servants. Yet most economists see corruption as a bad thing because it promotes rent-seeking behavior. A state where corruption has become a way of life is a kleptocracy. We need to make it clear to third parties who represent the company that we expect them to comply with our Corruption and Corruption Directive.