Ethical Business Conduct
1. Directors, officers, employees, agents, or other persons working on Contractor's behalf, shall comply in all respects with:
a. All applicable multilateral international conventions dealing with bribery and corrupt practices (as they may be amended from time to time); and
b. All applicable laws – including the laws of the Operating Area.
2. Contractor agrees to complete any anti-corruption training required by HORSEWORLD and agrees to require owners, directors, and employees of Contactor who interact with government entities on behalf of HORSEWORLD to complete such training.
3. Contractor, and its directors, officers, employees, agents, or other persons working on Contractor's behalf, have not and will not offer, promise or provide anything of value, directly or indirectly, to any Government Official federal (national), state, or local level.
If Contractor, or a director, officer, employee, agent, or other person working on Contractor's behalf, receives a request for a Prohibited Payment in connection with or relating to the subject matter of this Agreement or any supplement or amendment hereto, then HORSEWORLD must be notified immediately.
Contractor, or a director, officer, employee, agent, or other person working on Contractor's behalf shall not make any payment to a Government Official in order to expedite or secure performance of a routine, non-discretionary duty (commonly referred to as a "facilitation payment") unless such payment is supported by an official receipt, invoice or other approved documentation, certifying its legitimacy as an official government payment.
4. Contractor:
a. shall use its best efforts to prevent the occurrence of bribery or corrupt practices and will take the appropriate action in the event there is any evidence of such practices. Appropriate action includes, but is not limited to, cessation of the practices and notification to HORSEWORLD of any such evidence; and
b. agrees and acknowledges that it, its employees, agents, contractors, sub-contractors, directors, commissioners and officers are familiar with and will strictly comply with all applicable anti-corruption laws and regulations and will not engage in or support any occurrence of bribery or corrupt practices.
5. Contractor shall obtain approval from HORSEWORLD for all payments that it, its owners, officers, directors, employees, agents, or other persons working on its behalf make in connection with this Agreement. For each payment, HORSEWORLD must approve the nature, frequency, amount, and form. All such payments shall require appropriate documentation (e.g., invoice or receipt) to support the legitimacy of those payments.
6. Contractor shall at all times comply with all applicable laws and regulations and agree that it shall not do business with any person or third-party where it knows or suspects the existence of any illegal, unethical or questionable practices by such third-party, its officers, employees or agents. Furthermore, no rights or obligations of, or services to be rendered by Contractor under this Agreement shall be assigned, transferred or subcontracted to any third-party without the prior written consent of HORSEWORLD.
7. No director, officer, employee or agent of Contractor, nor any family member (spouse, parent, child, sibling or sibling's spouse) of the foregoing, is a Government Official, nor may become a Government Official during the term of this Agreement without the prior written approval of HORSEWORLD.
8. All financial transactions shall be recorded in a timely, complete, accurate and consistent manner in accordance with generally accepted accounting principles consistently applied. Invoices and supporting documentation, as well as all other documents and accounting entries, shall not be false, fictitious or intentionally misleading in any way.
9. Directors, officers, employees, agents, or other persons working on Contractor's behalf shall sufficiently document all payments and keep appropriate receipts.
10. Directors, officers, employees, agents, or other persons working on Contractor's behalf will not communicate with, meet with or otherwise interact with, directly or indirectly, any Government Officials. Contractor further represents and warrants that neither the receipt of fees under this Agreement nor performance of services under this Agreement is in any respect a violation of laws, rules, orders, prohibitions, regulations or policies of the Operating Area.
