1. INTERPRETATION
1.1 The definitions and rules of interpretation in this clause apply in this agreement.
Affiliate: in relation to a party, a person who is, from time to time, a subsidiary or holding company of that party, or is a subsidiary of that party’s holding company. “Subsidiary” and “holding company” are to be construed in accordance with section 1159 of the Companies Act 2006.
Agreement: these Terms and Conditions and the Order Form
Business Day: a day other than a Saturday, Sunday or a public holiday in England and Wales.
Confidential Information: all confidential information (however recorded or preserved) disclosed by a party or its employees, officers, representatives or advisers (together, its “Representatives”) to the other party and that party’s Representatives after the date of this agreement in connection with the grant of Sponsorship Rights in this agreement, concerning:
(a) the terms of this agreement;
(b) any information that would be regarded as confidential by a reasonable business person relating to:
(i) the business, affairs, customers, clients, suppliers, plans of the disclosing party; and
(ii) the operations, processes, product information, know-how, designs, trade secrets or software of the disclosing party (or of any member of the group of companies to which the disclosing party belongs).
(c) any information developed by the parties in the course of carrying out this agreement;
(d) any information detailed in the Schedule attached.
It does not include information that:
(a) was known to the receiving party before the information was disclosed to it by the disclosing party;
(b) the parties agree in writing is not confidential or may be disclosed;
(c) is or becomes generally available to the public (other than as a result of its disclosure by the receiving party or its Representatives in breach of this clause);
(d) was available to the receiving party on a non-confidential basis before disclosure by the disclosing party;
(e) was, is or becomes available to the receiving party on a non-confidential basis from a person who, to the receiving party’s knowledge, is not bound by a confidentiality agreement with the disclosing party or otherwise prohibited from disclosing the information to the receiving party; or
(f) is developed by or for the receiving party independently of the information disclosed by the disclosing party.
Data Subjects: has the meaning given in Data Protection Laws.
Data Protection Laws: any applicable laws relating to the processing and/or use of Personal Data and privacy, as applicable to the parties and/or the Services, including (i) the Data Protection Act 2018 and the Privacy and Electronic Communications (EC Directive) Regulations 2003, SI 2003/2426, and any laws or regulations implementing Directive 95/46/EC or Directive 2002/58/EC; and/or (ii) the General Data Protection Regulation (EU) 2016/679; (ii) any judicial or administrative interpretation of any of (i) and (ii) above, any guidance, guidelines, codes of practice, approved codes of conduct or approved certification mechanisms issued by any relevant data protection regulatory authorities.
Designation: as set out in the Order Form.
Event: the event specified as such in the Order Form.
Event Marks: the Organiser’s Marks and the Designation used singularly or collectively in association with the Event or in the exercise of the Sponsorship Rights.
Force Majeure Event: any event affecting the performance of any provision of this agreement arising from or attributable to acts, events, omissions, or accidents which were beyond the reasonable contemplation of the parties on the date of this Agreement and which are beyond the reasonable control of a party including any abnormally inclement weather, flood, lightning, storm, fire, explosion, earthquake, subsidence, structural damage, epidemic or other natural physical disaster, transport, disruptions, failure or shortage of power supplies, war, military operations, riot, crowd disorder, strike, lock-outs or other industrial action, terrorist action, civil commotion and any legislation, regulations, ruling or omission of any relevant government, court, competent national authority or governing body.
Intellectual Property Rights: all patents, rights to inventions, utility models, copyright and related rights, trade marks, service marks, trade, business and domain names, rights in trade dress or get-up, rights in goodwill or to sue for passing off, unfair competition rights, rights in designs, performer’s property rights, rights in computer software, database right, topography rights, rights in Confidential Information and any other intellectual property rights, in each case whether registered or unregistered and including all applications for, and renewals or extensions of, these rights, and all similar or equivalent rights or forms of protection in any part of the world.
Order Form: the order form completed and signed by the parties or other written confirmation setting out the primary particulars of the arrangements agreed between the parties in respect of this Agreement.
Organiser: As set out in the Order Form.
Organiser’s Marks: the trade marks, brands and logos associated with the Publication to be used for all promotion, advertising and marketing of the Event, together with any associated artwork, design, slogan, text and other collateral marketing signs of the Organiser that are to be used in connection with the Event.
Publication: as set out in the Order Form
Sponsor: the entity whose details are set out in the Order Form and identified as such or as ‘the Customer’.
Sponsor’s Marks: the Sponsor’s proprietary marks and logos details of which are supplied to the Organiser together with any accompanying artwork, design, slogan, text and other collateral marketing signs of the Sponsor.
Sponsorship Fee: the sums set out in the Order Form and payable in accordance therewith.
Sponsorship Rights: the bundle of rights associated with the Event granted to the Sponsor as set out in the Order Form and marked as ‘Deliverables’ or otherwise identified therein.
Start Date: the date specified as such in the Order Form
Term: the period as set out in clause 3.
VAT: value added tax chargeable under English law for the time being and any similar additional tax.
Venue: means the premises where the Event is to take place, which are situated as set out in the Order Form.
1.2 The Schedules and Order Form form part of this agreement and shall have effect as if set out in full in the body of this agreement and any reference to this agreement includes the Schedules.
2. GRANT OF RIGHTS AND RESERVATIONS
2.1 The Organiser grants and the Sponsor accepts (a) the Sponsorship Rights and (b) a licence to use the Event Marks during the Term, and in accordance with the terms and conditions set out in this agreement.
2.2 All rights not expressly granted to the Sponsor under this agreement are reserved to the Organiser. The Sponsor acknowledges and agrees that the Organiser is the owner or controller of the Sponsorship Rights and of all rights in the Event Marks;
2.3 The Sponsor grants and the Organiser accepts a worldwide, non-exclusive, royalty free, sub-licensable licence to use the Sponsor’s Marks:
(a) during the Term for the delivery of the Sponsorship Rights;
(b) in perpetuity to promote and exploit the Event in any media whether now known or yet to be invented (including on a website or mobile-device application) .
3. TERM
3.1 This agreement shall take effect on and from the Start Date and shall continue for a period expiring 2 (two) calendar months after the Event.
4. SPONSORSHIP FEE
4.1 In consideration of the Sponsorship Rights granted to the Sponsor, the Sponsor shall pay the Organiser (or the Organiser’s designated agent, as the case may be) the Sponsorship Fee, payable in the instalments and on the dates set out in the Order Form.
4.2 All amounts payable to the Organiser under this agreement are to be paid free and clear of currency control restrictions, bank charges, fees, duties or other transactional costs, the payment of which shall be the sole responsibility of the Sponsor.
4.3 No deductions may be made from, nor purported right of set-off exercised in relation to the Sponsorship Fee.
5. OBLIGATIONS OF THE SPONSOR
5.1 The Sponsor undertakes to the Organiser:
(a) to submit to the Organiser for its prior written approval, not to be unreasonably withheld or delayed, pre-production samples of any advertising, promotional or other material or press release which associates the Sponsor with the Event, or which incorporates the Event Marks, before their distribution, production or sale;
(b) to ensure that all materials promoted, published, distributed or sold and which are associated with the Event or which incorporate the Event Marks shall comply in all respects with the samples approved in accordance with clause 5.1(a) and to immediately withdraw them at its sole cost from circulation at the written request of the Organiser if they do not;
(c) to ensure that all materials promoted, published, distributed or sold and which are associated with the Event or which incorporate the Event Marks shall be safe and fit for their intended use and shall comply with all relevant statutes, regulations, directives and codes in force;
(d) to provide to the Organiser, at the Sponsor’s sole cost and expense, all suitable material including artwork of the Sponsor’s Marks in a format and within print deadlines reasonably specified by the Organiser for it to be reproduced under the control of the Organiser for the fulfilment of the Sponsorship Rights;
(e) not to apply for registration of any part of the Event Marks or anything confusingly similar to the Event Marks as a trade mark for any goods or services;
(f) not to use the Event Marks or any part of them or anything confusingly similar to them in its trading or corporate name or otherwise, except as authorised under this agreement;
(g) not do or permit anything to be done which might adversely affect, or diminish the value of, any of the Sponsorship Rights;
(h) to use all reasonable endeavours to assist the Organiser in protecting the Event Marks and not to knowingly do, or cause or permit anything to be done, which may prejudice or harm or has the potential to prejudice or harm the Event Marks or the Organiser’s title to the Event Marks or to the image of the Event, the Organiser or the Venue;
(i) to notify the Organiser of any suspected infringement of the Event Marks, but not to take any steps or action whatsoever in relation to that suspected infringement unless requested to do so by the Organiser.
(j) To notify the Organiser of the identity of its nominated speaker at the Event and the title of such speaker’s presentation in accordance with the Organiser’s reasonable requirements.
5.2 The Sponsor has no right to sub-license, assign or otherwise dispose of any of the Sponsorship Rights, without the Organiser’s prior written consent.
5.3 The Sponsor shall not engage in joint promotions with any third party in relation to the Event without the Organiser’s prior written consent.
6. OBLIGATIONS OF THE ORGANISER
6.1 The Organiser shall procure the organisation and staging of the Event at the Venue at its sole cost and expense in accordance with the terms of this agreement.
6.2 The Organiser confirms that it shall be responsible for:
(a) arranging the attendance of and payment for all stewards, staff and personnel on public duty employed, engaged or appointed by the Organiser throughout the Event;
(b) the printing and supply of programmes, stationery, publicity material and advertisements in the media which shall bear the Event Marks.
6.3 The Organiser shall use its reasonable endeavours to deliver or ensure the delivery of each and all of the Sponsorship Rights to the Sponsor.
6.4 The Organiser confirms that, whenever possible, it will ensure that the Sponsor’s Marks will be present in accordance with this agreement and that the Sponsor’s Marks are incorporated into all promotional, advertising and publicity material.
7. REPRESENTATIONS AND WARRANTIES
7.1 Each party warrants and undertakes to the other that:
(a) it has full authority to enter into this agreement and is not bound by any agreement with any third party that adversely affects this agreement; and
(b) it has and will maintain throughout the Term, all necessary powers, authority and consents to enter into and fully perform its obligations under this agreement.
7.2 The Organiser represents to the Sponsor that:
(a) the Organiser owns or controls the Event and the Event Marks and that the Sponsor’s use of the Event Marks and its exercise of the Sponsorship Rights in accordance with the provisions of this agreement shall not infringe the rights of any third party;
(b) no promotions or advertising for the Event will be offensive, obscene or derogatory in nature or defamatory of any third party;
(c) the Organiser will ensure that use of the Event Marks in accordance with the provisions of this agreement and in the exercise of the Sponsorship Rights will not infringe any sponsorship or advertising rules, statutes and codes in force in relation to the Event;
(d) it has entered into a bona fide written agreement for the use of the Venue with the Proprietor and has made all administrative and financial arrangements necessary for the smooth running of the Event, including the hiring of the Venue and any prior arrangements required by the Proprietor, the local authority, the local community and the police.
7.3 The Sponsor represents and warrants that:
(a) it owns or is solely entitled to use the Sponsor’s Marks and any other material supplied to the Organiser in relation to this agreement and the Organiser shall be entitled to see evidence to this effect on request;
(b) the Organiser’s use of the Sponsor’s Marks in accordance with clause 2.3 will not infringe the rights of any third party;
(c) it shall exercise all rights and licences granted in this agreement in accordance with all relevant rules and regulations of the Event, and in accordance with applicable domestic laws and regulations including all applicable safety legislation;
(d) it shall procure the manufacture, packaging, distribution, advertising and sale of all materials incorporating the Event Marks in compliance with all laws, regulations, by-laws, safety standards and ethical norms relating to their manufacture, promotion, distribution and sale, including, without limitation, the highest standards of business ethics prevailing in the industry, in particular those relating to child or prison labour.
8. ANTI-BRIBERY AND DATA PROTECTION
8.1 Each party agrees that it shall comply with all applicable laws, statutes, regulations and codes relating to anti-bribery and anti-corruption including but not limited to the Bribery Act 2010 and the General Data Protection Regulation;
8.2 Breach of the terms of clause 8.1 shall be deemed a material breach under clause 12.1(b).
8.3 In this clause 8, the words ‘processor’, ‘controller’, ‘data subject’, ‘personal data’, ‘processing’ and ‘personal data breach’ shall have the meanings set out in Regulation (EU) 2016/679.
8.4 To the extent that the Organiser processes personal data on the Sponsor’s behalf as a data processor, the Organiser shall:
(a) process personal data only in accordance with the Sponsor’s instructions given under this Agreement
(b) ensure that persons acting on its behalf in the processing of personal data are under a contractual or statutory obligation of confidentiality;
8.5 The Organiser shall implement and maintain (and at all times comply with) appropriate technical and organisational measures in relation to the processing of personal data by the Supplier:
(a) such that the processing will meet the requirements of Data Protection Laws and ensure the protection of the rights of Data Subjects; and
(b) so as to ensure a level of security in respect of personal data processed by it that is appropriate to the risks that are presented by the processing, in particular from accidental or unlawful destruction, loss, alteration, unauthorised disclosure of, or access to personal data transmitted, stored or otherwise processed.
8.6 The Organiser shall notify the Sponsor without undue delay if it becomes aware of any personal data breach under this clause 8, as well as any other breaches of this clause 8 and, at the Sponsor’s request, provide the Sponsor with such information and assistance on such breach as the Sponsor may reasonably require to fulfill its obligations under applicable data protection laws;
8.7 The Organiser shall refer to the Sponsor any requests from data subjects for access to or rectification, erasure or blocking of personal data, and provide reasonable assistance to the Sponsor, by implementing appropriate technical and organisational measures, for the fulfilment of such requests;
8.8 to the extent permitted by law, the Organiser shall notify the Sponsor of any requests from data protection or law enforcement authorities in relation to the personal data; and
8.9 at the Sponsor’s option, delete or return, the latter if technically and reasonably possible, the personal data after the end of the provision of the relevant Services, unless retention of such data is required by any applicable law. The Sponsor shall inform the Organiser on which option the Sponsor chooses, within 30 days after the end of the provision of the relevant Services.
8.10 With reasonable advanced written notice and subject to third-party confidentiality obligations, the Sponsor may, at its expense, conduct or instruct a third party to conduct audits, including inspections to confirm the Organiser’s compliance with this clause 16. Such audits will be reasonable in scope, will occur at mutually agreeable times, and will not unreasonably interfere with the Organiser’s business operations.
8.11 The Sponsor acknowledges and agrees that the Organiser and/or its Affiliates may continue to engage existing Affiliates of the Organiser and/or third party (sub)processors without (prior) written consent in accordance with the following:
(a) The Organiser and/or its Affiliates shall ensure that their obligations under this Addendum are incorporated in relevant agreements with their (sub)processors and shall remain responsible towards the Sponsor for their (sub)processors’ compliance with such obligations.
(b) The Organiser shall provide the Sponsor with a list of current (sub)processors on request and notify the Sponsor of any new (sub)processors engaged as appropriate.
(c) In the event that the Sponsor has reasonable objections to the engagement of a new (sub)processor, it shall notify the Organiser in writing of such objections within thirty (30) days of the Organiser’s notification in which case the Organiser may, at its option, terminate this Agreement on written notice to the Sponsor.
8.12 The Organiser may process and transfer personal data outside the European Economic Area and any other territory deemed adequate by the European Commission for data protection purposes (“Compliant Territories”) , including in and to the United States and shall provide for appropriate safeguards to ensure that such processing and transferring outside the Compliant Territories is undertaken only after the execution of Standard Contractual Clauses as adopted from time to time by the European Commission.
8.13 The Sponsor acknowledges and agrees that it shall receive no personal data from any third party pursuant to this agreement without the relevant third party having provided consent in respect thereof in the form agreed in writing with the Organiser (“GDPR Consents”).
9. LIMITATION OF LIABILITY
9.1 Nothing in this agreement shall exclude or restrict either party’s liability for death or personal injury resulting from the negligence of that party or its employees while acting in the course of their employment.
9.2 Neither party shall be liable to the other under this agreement for any loss, damage, cost, expense or other claim for compensation arising as a direct or indirect result or breach or non-performance of this agreement due to a Force Majeure Event.
9.3 Under no circumstances shall the Organiser be liable to the Sponsor for any of the following, whether in contract, tort (including negligence) or otherwise:
(a) any indirect or consequential losses;
(b) loss of revenue or anticipated revenue;
(c) loss of savings or anticipated savings;
(d) loss of business opportunity;
(e) loss of profits or anticipated profits; or
(f) loss of wasted expenditure; or
(g) losses associated with GDPR Consents provided that the parties have complied fully with the requirements of clause 8.13 .
9.4 The Organiser’s maximum aggregate liability in contract, tort (including negligence) or otherwise, however arising, out of or in connection with the performance of the Organiser’s obligations under this agreement, in respect of any one or more incidents or occurrences during the Term, shall be limited to a sum equal to the amount of the Sponsorship Fee received by the Organiser as at the date of such act or omissions.
10. INTELLECTUAL PROPERTY RIGHTS
10.1 The Organiser and the Sponsor acknowledge as follows:
(a) all rights in the Sponsor’s Marks, including any goodwill associated with them, shall be the sole and exclusive property of the Sponsor, and the Organiser shall not acquire any rights in the Sponsor’s Marks, nor in any developments or variations of them;
(b) all rights in the Organiser’s Marks, including any goodwill associated with them, shall be the sole and exclusive property of the Organiser and the Sponsor shall not acquire any rights in the Organiser’s Marks, including any developments or variations of them;
10.2 All Intellectual Property Rights in and to any materials produced for the Event, excluding the Sponsor’s Marks, shall remain, or be assigned to become, the sole and exclusive property of the Organiser.
11. IPR INDEMNITIES AND LIMITATION OF LIABILITY
11.1 The Sponsor shall indemnify and keep indemnified the Organiser from and against all claims, damages, losses, costs (including all reasonable legal costs), expenses, demands or liabilities arising out of any claim that the Organiser’s use of the Sponsor’s Marks in accordance with this agreement infringes any Intellectual Property Rights or moral rights of any third party.
11.2 The Organiser shall indemnify and keep indemnified the Sponsor from and against all claims, damages, losses, costs (including all reasonable legal costs), expenses, demands or liabilities arising out of any claim that the Sponsors’ use of the Event Marks in accordance with this agreement infringes any Intellectual Property Rights or moral rights of any third party.
11.3 The party seeking to rely on an indemnity at clause 11.1 and clause 11.2 (“Indemnified Party”) shall:
(a) promptly and fully notify the other party (“Indemnifying Party”) of any third-party claim in respect of which it wishes to rely on the indemnity (“IPR Claim”);
(b) allow the Indemnifying Party, at its own cost, to conduct all negotiations and proceedings and to settle the IPR Claim, always provided that the Indemnifying Party shall obtain the Indemnified Party’s prior approval of any settlement terms, which is not to be unreasonably withheld;
(c) provide the Indemnifying Party with any reasonable assistance regarding the IPR Claim as is required by the Indemnifying Party, subject to reimbursement by the Indemnifying Party of the Indemnified Party’s costs so incurred; and
(d) not, without prior consultation with the Indemnifying Party, make any admission relating to the IPR Claim or attempt to settle it, provided that the Indemnifying Party considers and defends any IPR Claim diligently and in a way that does not bring the reputation of the Indemnified Party into disrepute.
12. TERMINATION
12.1 Without prejudice to any rights that have accrued under this agreement or any of its rights or remedies, either party may terminate this agreement with immediate effect at any time by giving written notice to the other party if:
(a) the other party fails to pay any amount due under this agreement on the due date for payment and remains in default not less than 10 Business Days after being notified in writing to make payment;
(b) the other party commits a material breach of any material term of this agreement and (if that breach is remediable) fails to remedy that breach within a period of 10 Business Days after being notified in writing to do so. However, this 10-Business Day period will be reduced to three Business Days if the Organiser calls upon the Sponsor to remedy the breach during, or within, the 10- Business Day period before the Event begins;
(c) the other party repeatedly breaches any of the terms of this agreement in a manner that reasonably justifies the opinion that its conduct is inconsistent with it having the intention or ability to give effect to the terms of this agreement;
(d) the other party suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due or admits inability to pay its debts or (being a company) is deemed unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986 OR (being an individual) is deemed either unable to pay its debts or as having no reasonable prospect of so doing, in either case, within the meaning of section 268 of the Insolvency Act 1986 OR (being a partnership) has any partner to whom any of the foregoing apply;
(e) the other party suspends or ceases, or threatens to suspend or cease, to carry on all or a substantial part of its business.
12.2 The Sponsor may terminate this Agreement on provision of not less than 14 days’ written notice (“Notice”) provided that it shall remain liable for accrued obligations to make payment of all or any part of the Sponsorship Fee due as at the date of expiry of the relevant Notice.
13. CONSEQUENCES OF TERMINATION
13.1 Following termination of this agreement for whatever reason:
(a) the Sponsorship Rights granted by the Organiser to the Sponsor under this agreement shall immediately terminate and revert to the Organiser, after which the Sponsor shall not exercise the Sponsorship Rights or use or exploit (directly or indirectly) its previous connection with the Organiser or the Event;
(b) each party shall promptly return to the other any property of the other within its possession or control;
(c) each party shall pay to the other any sums that are outstanding and to be accounted for under this agreement;
(d) clauses which expressly or by implication have effect after termination shall continue in full force and effect, including clause 1 (Definitions and interpretation), clause 9 (Limitation of liability and indemnities), clause
13 (Consequences of termination) and clause 16.2 (Governing law and jurisdiction).
13.2 The Sponsor shall not be entitled to receive any refund of any part of the Sponsorship Fee previously paid prior to service of a Notice pursuant to clause 12.2 except to the extent set out in the Order Form.
14. FORCE MAJEURE AND EVENT CANCELLATION
14.1 Any party that is subject to a Force Majeure Event shall not be in breach of this agreement and shall be excused from performance under this agreement while and to the extent they are unable to perform due to any Force Majeure Event, provided that:
(a) it promptly notifies the other party in writing of the nature and extent of the Force Majeure Event causing its failure or delay in performance;
(b) it could not have avoided the effect of the Force Majeure Event by taking precautions which, having regard to all the matters known to it before the Force Majeure Event, it ought reasonably to have taken, but did not; and
(c) it has used all reasonable endeavours to mitigate the effect of the Force Majeure Event, to carry out its obligations under this agreement in any way that is reasonably practicable and to resume the performance of its obligations as soon as reasonably possible.
14.2 If the circumstance of a Force Majeure Event continues for a period of three months or longer, the party not affected by the Force Majeure Event shall have the right to terminate this agreement upon written notice to the other. Excuse from performance does not extend the Term of this agreement. This termination shall be without prejudice to the rights of the parties in respect of any breach of this agreement occurring before termination.
14.3 If the Event is cancelled for any reason (including, without limitation, by reason of a Force Majeure Event) the Organiser shall notify the Sponsor of the cancellation as soon as possible. The parties agree that:
(a) the Organiser shall not be in breach of this agreement by virtue of that cancellation or abandonment;
(b) (without prejudice to their rights and liabilities arising before this cancellation) the parties shall, in respect of the period following the Organiser’s notice, thereafter be relieved of their rights and obligations under this agreement in respect of the Event, and any prepayments shall be refunded net of costs incurred by the Organiser in performing its obligations herein.
15. CONFIDENTIALITY AND ANNOUNCEMENTS
15.1 Each party shall keep the other party’s Confidential Information confidential and shall not:
(a) use that Confidential Information except for the purpose of exercising or performing its rights and obligations under this agreement (“Permitted Purpose”); or
(b) disclose any Confidential Information in whole or in part to any third party, except as expressly permitted by this agreement.
15.2 A party may disclose the other party’s Confidential Information to those of its Representatives who need to know that Confidential Information for the Permitted Purpose, provided that:
(a) it informs those Representatives of the confidential nature of the Confidential Information before disclosure; and
(b) at all times, it is responsible for those Representatives’ compliance with the confidentiality obligations set out in this clause.
15.3 A party may disclose Confidential Information to the extent required by law, by any governmental or other regulatory authority or by a court or other authority of competent jurisdiction provided that, to the extent it is legally permitted to do so, it gives the other party as much notice of that disclosure as possible.
15.4 Each party reserves all rights in its Confidential Information.
15.5 On termination of this agreement, each party shall:
(a) return to the other party all documents and materials (and any copies) containing, reflecting, incorporating or based on the other party’s Confidential Information;
(b) erase all the other party’s Confidential Information from its computer systems (to the extent possible); and
(c) certify in writing to the other party that it has complied with the requirements of this clause, provided that a recipient party may retain documents and materials containing, reflecting, incorporating or based on the other party’s Confidential Information to the extent required by law or any applicable governmental or regulatory authority.
16. TAX EVASION FACILITATION PREVENTION
16.1 For the purposes of this Clause 16:
(a) the expressions ‘Prevention Procedures’, ‘UK Tax Evasion Offence’ and ‘Foreign Tax Evasion Offence’ will be construed in accordance with Part 3 of the Criminal Finances Act 2017 (‘CFA 2017’) and guidance published under it;
(b) Corporate Failure to Prevent Offence means an offence under section 45 and/or section 46 of CFA 2017 and any other applicable United Kingdom laws, legislation, statutory instruments and regulations in relation to preventing the facilitation of tax evasion and any similar or equivalent laws in any other relevant jurisdiction;
10.2 The Sponsor will ensure that s/he will not by any act or omission commit, or cause, facilitate or contribute to the commission by any person including the Organiser, of a:
(a) Corporate Failure to Prevent Offence;
(b) UK Tax Evasion Offence; or
(c) Foreign Tax Evasion Offence
in connection with this Agreement.
16.3 The Sponsor will not solicit or engage with or take steps to solicit or engage with any person associated with the Organiser to facilitate the commission of a UK Tax Evasion Offence or a Foreign Tax Evasion Offence in connection with this Agreement.
16.4 The Sponsor will pay, in full and in a timely manner, all taxes due and payable relating to all monies, remuneration, profit and value received or payable by it in connection with this Agreement.
16.5 Without prejudice to Clause 16.2, the Sponsor shall comply with the Organiser’s Prevention Procedures as notified to it from time to time.
16.6 The Sponsor warrants and represents that it has not:
(a) been investigated in connection with, or charged with having committed or facilitated the commission of any UK Tax Evasion Offence or any Foreign Tax Evasion Offence;
(b) received any court orders, warrants or oral or written notices from a government prosecuting authority concerning any actual or alleged violation by it of any UK Tax Evasion Offence or any Foreign Tax Evasion Offence; or
(c) received any report (including a report from your auditors or any other person) or discovered any evidence suggesting that it has committed or facilitated the commission of any UK Tax Evasion Offence or any Foreign Tax Evasion Offence.
16.7 The Sponsor must immediately notify the Organiser as soon as it becomes aware of any allegation, investigation, evidence or report relating to a breach or possible breach of any of the requirements in this Clause 16.
17. MISCELLANEOUS
17.1 This agreement contains the entire agreement between the parties with respect to the subject matter of this agreement (“the Subject Matter”). The parties hereby waive any rights in respect of any representations made by each to the other in respect of the Subject Matter prior to the date hereof.
17.2 This agreement may not be assigned, transferred, sub-licensed, or charged by either party without the prior written consent of the other save in respect of its Affiliates.
17.3 This agreement shall be governed by and construed in accordance with the laws of England and Wales, the courts of which shall have exclusive jurisdiction in respect of any disputes arising from its terms and formation (including non-contractual disputes).
17.4 No third party shall have any rights under the Contracts (Rights of Third Parties) Act 1999 in connection with this agreement.
17.5 The parties shall comply fully with the requirements of the Modern Slavery Act 2015 and each of them shall use their best endeavours to ensure that their respective suppliers do not make use of any forced or indentured labour.
17.6 These Terms and Conditions were last updated on 23 March 2020.