How can I protect myself contractually in regards to partners that ask bribes?

Question

How can I protect myself contractually in regards to partners that ask bribes?

Answer

The issue of bribery is covered in the IoE terms and conditions, but anti-bribery legislation is global and many developed countries have far reaching laws the expressly prohibit taking bribes. Bribery is a complex issue and of course it is simply a way of doing business in many countries – especially in third world countries. However, if you’re caught then expect no mercy from the local authorities, especially if they can make an example of you.

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This answer was provided by Virtuoso Legal. For more information about how Virtuoso Legal can support you, visit their site at:

http://virtuosolegal.com/

Virtuoso Legal are a boutique firm of world class intellectual property solicitors. Over the past 10 years they have successfully represented clients in hundreds of intellectual property matters.

This question was asked as part of our webinar on international terms and conditions. You can watch the recording of this webinar at:

https://opentoexport.com/webinars/international-terms-and-conditions/

If you’d like to learn more about the Institute of Export & International Trade’s International T&C templates, visit:

https://www.export.org.uk/page/InternationalTCs

Too many businesses are entering international trade without proper contracts and are therefore taking unnecessary and potentially costly risks. Slow payments, legal issues, dashed expectations and disenchantment with the exporting process are a result of businesses foregoing the need to establish terms and conditions specific to their international situation.

These 4 T&C templates give you the solid legal framework you need to export confidently and successfully.

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