Puerto Rico Ratification and Approval of Indemnity Agreements

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Multi-State
Control #:
US-CC-17-101E-NE
Format:
Word; 
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This sample form, a detailed Ratification and Approval of Indemnity Agreements, is a model for use in corporate matters. The language may be very useful in drafting a similar document to fit your specific circumstances. Available in several standard formats.
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FAQ

Integrity translates to reliability. Bidders and all other stakeholders need to have assurance that they can rely on any information disseminated by the procurement entity, formally or informally. The integrity of the procurement process assures confidence in the public procurement process.

Section 27 of the Office of Federal Procurement Policy Act (41 U.S.C. §§ 2101-07), commonly referred to as the Procurement Integrity Act, governs certain activities by persons involved in the procurement process. The Federal Acquisition Regulation (FAR), at Section 3.104 (48 C.F.R.

Violations of the law could result in civil or criminal penalties against the contractor, its employees, and the government employee involved. The law's provision would apply to any Government contract but apparently not to grants.

What are the Penalties for Violations? Imprisonment of not more than 5 years and/or a fine. Each knowing violation of any of the four key provisions of the Procurement Integrity Act may result in civil penalties up to $50,000 per violation and administration actions.

The Procurement Integrity Act prohibits you from releasing source selection and contractor bid or proposal information. These limits are applicable at each stage (seeking, negotiating, engaging in) of the post-government employment process.

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Puerto Rico Ratification and Approval of Indemnity Agreements