Definition Of Commercial Bribery

Commercial bribery is a behavior that violates the principle of fair competition in commercial activities and uses the means of giving receiving or other benefits to provide or obtain trading opportunities or other economic benefits.

Definition of commercial bribery. Definitions of commercial bribery synonyms antonyms derivatives of commercial bribery analogical dictionary of commercial bribery english. Definition of commercial bribery according to article 2 of the order no 60 the commercial bribery means the act of an undertaking who bribes a counterpart entity or its individuals by giving. Commercial bribery is a form of bribery which involves corrupt dealing with the agents or employees of potential buyers to secure an advantage over business competitors. At present the gcc only defines commercial bribery as giving or taking bribes as consideration for an unfair preference to another in the competitive purchase of goods or commercial services.

Black s law dictionary defines commercial bribery as the corrupt dealing with the agents or employees of prospective buyers in order to secure an advantage over business competitors. The foreign corrupt practices act fcpa is a unique law of the united states in that it seeks to impose criminal liability for acts in other jurisdictions that may not even be illegal in other nations and is perhaps the best example of the american response to such activity. Commercial bribery bribery of a purchasing agent in order to induce the agent to enter into a transaction bribery. Commercial bribery is not only discouraged.

It is a form of corruption which does not necessarily involve government personnel or facilities. This may be changing.