Piezo Parts Co., Ltd. (hereafter “Our company”) has right to terminate the contract immediately without any notice, in case to be found out our business partner (including Director, Auditors, Executive Officers, Operating Officers and any other positions of managing or operating substantially) has a relationship between antisocial forces (such as “Boryokudan” crime syndicates; the member or the semi-member, within 5years whom belonged, affiliate companies, racketeer groups, groups engaging in criminal activities under the pretext of conducting social companies or political activities and crime groups specialized in intellectual crimes or others equivalent thereto; the same shall apply hereinafter) or falls under the one of following items.
Ⅰ. Antisocial forces are deemed to be dominate the management.
Ⅱ. Antisocial forces are deemed to be substantially involved in management.
Ⅲ. In case to be deemed for being used antisocial forces unjustly for purpose of gaining unlawful profit personally,for own company’s benefit or for the third party or for purpose of damaging the a third party, etc.
Ⅳ. In case to be deemed for funding or providing any convenience or any similar act to cooperate or support the maintenance or operation of antisocial forces.
Ⅴ. In case of any other executives or the person who is substantially involved in management are deemed to be engaged in a socially condemnable relationship with the antisocial forces.
Our company has right to terminate the contract immediately without any notice, in case of our business partner itself or using a third party to fall under one of following items.
Ⅰ. Violent demand
Ⅱ. Unreasonable demands beyond legal responsibility
Ⅲ. Using threat or violence against the transaction
Ⅳ. Disseminate the rumor or using fraudulent means, committing assault or intimidation to damage our credibility or to interfere our business
Ⅴ. Any other similar acts regarding items mentioned above.
Ⅰ. Our company, our subcontractors or our outsources (including all when there are several involved; the same shall apply hereafter) will represent and warrant that we have not fallen all items mentioned in 1) and shall not fall under all items mentioned in both 1) and 2).
Ⅱ. Our company must take immediate action either terminate the contract or take measures to terminate the contract if our subcontractors or our outsources turn out to have been fallen under one of mentioned above items after finalizing the contract.
Ⅲ. Our company has right to terminate the contract, in case of our business partners violates the provisions as falling under one of mentioned above items.
Ⅰ. Our company will refuse or have our subcontractors or our outsources to refuse when subjected to undue intervention such unreasonable demands or obstruction of business by antisocial forces. And we will immediately report the undue intervention facts to our business partners. Also we will take necessary action to cooperate for reporting to our business partners investigating agency.
Ⅱ. Our company has right to terminate the contract, in case of our business partners violates the provisions as falling under one of mentioned above items.
Our company entitled to terminate the contract under the provisions of each items mentioned above, and we have no obligation to indemnify and compensate regardless even though our business partners has been damaged due to this termination of the contract. However, in case our company has been damaged due to this termination of the contract, our business partners will be obligated to indemnify and compensate regardless.