ARTICLE 17 – Tolerance Should one of the Parties tolerate the behaviour of the other Party which violates the provisions contained in the Supply Contract, this will not result in the waiving of the rights deriving from the violated provisions or the right to implement the correct fulfilment of all the terms and conditions here provided for.
VECODE SOLUTIONS INC CODE
Failure to comply with even one of the obligations indicated in the LU-VE Code of Ethics is a serious breach of contract with all legal consequences entailed and shall give LU-VE the right to terminate the Supply Contract and all relations with the Contractor with immediate effect, pursuant to and for the purposes of Article 1456 of the Italian Civil Code, without prejudice to LU-VE’s right to request compensation for any damages suffered. The Contractor shall also immediately inform LU-VE in the event of circumstances effectively or even potentially affecting the Code of Ethics, or the occurrence of events which amount to breaching the standards of Legislative Decree 231/01. In the performance of its services, the Contractor shall behave in compliance with Legislative Decree 231/01 and the LU-VE Code of Ethics to avoid exposing LU-VE to the risk of being applied the sanctions provided for, and to inform its partners, employees and collaborators participating in the performance of the Contract and ensure they behave accordingly. ARTICLE 16 – Code of Ethics The Contractor declares to be aware of the provisions set out in Legislative Decree 231/01 and subsequent amendments, and to have examined and accepted in its entirety LU-VE's Code of Ethics published on its website, (in the “The Group” / “Code of Ethics” section), undertaking to acknowledge any updates published on the website. 10 The Parties expressly agree that the following must not be considered force majeure, due to the Contractor's lack of responsibility: supplier delays or breaches, strikes or production suspension restricted to the Contractor's company and/or its suppliers and/or subcontractors.
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