The Foreign Corrupt Practices Act of 1977 resulted from bribery of foreign government officials by Lockheed Aircraft Company. This Act is designed to prevent the bribing of foreign officials in order to obtain foreign government contracts. Payments to foreign officials for “facilitation,†often referred to as grease payments, are not prohibited under FCPA so long as these payments are made only to get officials to do their normal jobs that they might not do, or would do slowly, without some payment. These payments can be made only to secure a permit or license; obtain paper processing; secure police protection; provide phone, water, or power supply; or similar such actions.
Guam International Independent Contractor Agreement refers to a legally binding document that outlines the terms and conditions between a business entity based in Guam and an independent contractor located outside of Guam who will be providing services internationally. This agreement governs the relationship between the two parties involved and ensures that both parties understand their rights and responsibilities. The Guam International Independent Contractor Agreement typically covers important aspects such as the scope of work, payment terms, intellectual property rights, confidentiality clauses, termination provisions, dispute resolution mechanisms, and applicable law. It is important to note that this agreement is specific to international independent contractors, meaning individuals or entities based outside of Guam. Different types of Guam International Independent Contractor Agreements may exist, depending on the nature of the services being provided and the specific requirements of the contracting parties. Some common variations may include: 1. Service Agreement: This type of agreement is utilized when the independent contractor is offering specialized services, such as consulting or professional expertise, to the business entity in Guam. 2. Production Agreement: This agreement is used when the independent contractor is involved in the creation or production of a specific product, such as software development or manufacturing. 3. Marketing Agreement: In cases where the independent contractor is responsible for marketing and promoting the business entity's products or services in international markets, a marketing agreement may be employed. 4. Distribution Agreement: When the independent contractor is selected to distribute the business entity's products or services in international territories, a distribution agreement may be formulated. This agreement outlines the rights and obligations of both parties regarding the distribution process. 5. Research and Development Agreement: If the independent contractor is engaged in research and development projects for the business entity, a research and development agreement may be drafted to establish the relationship and protect the intellectual property involved. These are just a few examples of the various types of Guam International Independent Contractor Agreements, as the specific nature of the collaboration can differ depending on the circumstances. It is essential for both parties to carefully negotiate and draft the agreement, taking into consideration the unique requirements of their working relationship, industry regulations, and international laws governing the contractual arrangements. Seeking legal advice is advisable to ensure that the agreement is comprehensive, fair, and in compliance with relevant laws.
Guam International Independent Contractor Agreement refers to a legally binding document that outlines the terms and conditions between a business entity based in Guam and an independent contractor located outside of Guam who will be providing services internationally. This agreement governs the relationship between the two parties involved and ensures that both parties understand their rights and responsibilities. The Guam International Independent Contractor Agreement typically covers important aspects such as the scope of work, payment terms, intellectual property rights, confidentiality clauses, termination provisions, dispute resolution mechanisms, and applicable law. It is important to note that this agreement is specific to international independent contractors, meaning individuals or entities based outside of Guam. Different types of Guam International Independent Contractor Agreements may exist, depending on the nature of the services being provided and the specific requirements of the contracting parties. Some common variations may include: 1. Service Agreement: This type of agreement is utilized when the independent contractor is offering specialized services, such as consulting or professional expertise, to the business entity in Guam. 2. Production Agreement: This agreement is used when the independent contractor is involved in the creation or production of a specific product, such as software development or manufacturing. 3. Marketing Agreement: In cases where the independent contractor is responsible for marketing and promoting the business entity's products or services in international markets, a marketing agreement may be employed. 4. Distribution Agreement: When the independent contractor is selected to distribute the business entity's products or services in international territories, a distribution agreement may be formulated. This agreement outlines the rights and obligations of both parties regarding the distribution process. 5. Research and Development Agreement: If the independent contractor is engaged in research and development projects for the business entity, a research and development agreement may be drafted to establish the relationship and protect the intellectual property involved. These are just a few examples of the various types of Guam International Independent Contractor Agreements, as the specific nature of the collaboration can differ depending on the circumstances. It is essential for both parties to carefully negotiate and draft the agreement, taking into consideration the unique requirements of their working relationship, industry regulations, and international laws governing the contractual arrangements. Seeking legal advice is advisable to ensure that the agreement is comprehensive, fair, and in compliance with relevant laws.