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.
The Tennessee International Independent Contractor Agreement is a legal contract between a company or individual residing in Tennessee and an independent contractor located in another country. This agreement outlines the terms and conditions of the working relationship and governs the rights and responsibilities of both parties. The Tennessee International Independent Contractor Agreement aims to clarify the working arrangement and protect the interests of both the contractor and the company. It establishes the contractor's status as an independent entity and emphasizes that they are not an employee of the company. This distinction is crucial as it affects taxation, liability, and the contractor's ability to work with other clients concurrently. Some important components typically included in the Tennessee International Independent Contractor Agreement are: 1. Identification of the parties: The agreement identifies the contractor and the company, including their legal names, addresses, and contact information. 2. Scope of work: This section outlines the specific services or tasks the contractor will perform for the company. It may also include project timelines, milestones, and deliverables. 3. Compensation: The agreement specifies how and when the contractor will be remunerated for their services. This may include fixed fees, hourly rates, or payments based on completion of specific milestones. 4. Expenses: If the contractor is entitled to reimbursement for any expenses incurred during the project, such as travel or supplies, this section will outline the process and requirements for reimbursement. 5. Intellectual property: This clause addresses the ownership and rights to any intellectual property created by the contractor during the project. It may stipulate that the company retains ownership or that certain rights are transferred to the company. 6. Non-disclosure and confidentiality: Often, the contractor will be required to maintain confidentiality and not disclose any sensitive information or trade secrets obtained during their engagement. This clause protects the company's proprietary information. 7. Termination: The agreement will include provisions for termination, specifying the reasons and circumstances under which either party can terminate the contract. It may also outline any notice period required for termination. 8. Governing law: It is important to specify that Tennessee law governs the agreement, as jurisdictional issues may arise. In terms of different types of the Tennessee International Independent Contractor Agreement, there are no specific variants unique to Tennessee. However, there may be modifications or additional clauses specific to different industries or sectors. It is advisable to consult with legal professionals who specialize in international contracts to ensure compliance with relevant laws and regulations.
The Tennessee International Independent Contractor Agreement is a legal contract between a company or individual residing in Tennessee and an independent contractor located in another country. This agreement outlines the terms and conditions of the working relationship and governs the rights and responsibilities of both parties. The Tennessee International Independent Contractor Agreement aims to clarify the working arrangement and protect the interests of both the contractor and the company. It establishes the contractor's status as an independent entity and emphasizes that they are not an employee of the company. This distinction is crucial as it affects taxation, liability, and the contractor's ability to work with other clients concurrently. Some important components typically included in the Tennessee International Independent Contractor Agreement are: 1. Identification of the parties: The agreement identifies the contractor and the company, including their legal names, addresses, and contact information. 2. Scope of work: This section outlines the specific services or tasks the contractor will perform for the company. It may also include project timelines, milestones, and deliverables. 3. Compensation: The agreement specifies how and when the contractor will be remunerated for their services. This may include fixed fees, hourly rates, or payments based on completion of specific milestones. 4. Expenses: If the contractor is entitled to reimbursement for any expenses incurred during the project, such as travel or supplies, this section will outline the process and requirements for reimbursement. 5. Intellectual property: This clause addresses the ownership and rights to any intellectual property created by the contractor during the project. It may stipulate that the company retains ownership or that certain rights are transferred to the company. 6. Non-disclosure and confidentiality: Often, the contractor will be required to maintain confidentiality and not disclose any sensitive information or trade secrets obtained during their engagement. This clause protects the company's proprietary information. 7. Termination: The agreement will include provisions for termination, specifying the reasons and circumstances under which either party can terminate the contract. It may also outline any notice period required for termination. 8. Governing law: It is important to specify that Tennessee law governs the agreement, as jurisdictional issues may arise. In terms of different types of the Tennessee International Independent Contractor Agreement, there are no specific variants unique to Tennessee. However, there may be modifications or additional clauses specific to different industries or sectors. It is advisable to consult with legal professionals who specialize in international contracts to ensure compliance with relevant laws and regulations.