Legal Policy Statement

LEGAL POLICY STATEMENT

This Legal Policy Statement (the "Policy") is made and entered into by and between ("First Party"), and ("Second Party"). The parties agree that this Policy shall become effective as of (the "Effective Date").

RECITALS

WHEREAS, First Party and Second Party each have obligations to maintain legal compliance, manage risks, and ensure consistent internal controls with respect to their operations; and

WHEREAS, the parties desire to set forth a binding statement of policy defining responsibilities, reporting obligations, enforcement mechanisms, and applicable governing law for matters addressed herein; and

WHEREAS, the parties intend that this Policy provide clear standards of conduct, procedures for reporting and investigating alleged breaches, and remedies for noncompliance.

NOW, THEREFORE, in consideration of the mutual promises set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are acknowledged, the parties agree as follows:

1. DEFINITIONS

For purposes of this Policy, the following terms shall have the meanings set forth below. "Policy Owner" means the individual or business unit designated to manage the Policy. The parties may supplement or refine definitions by written amendment in accordance with Section 10.

2. POLICY STATEMENT

The parties commit to conduct their activities in compliance with applicable laws, to maintain accurate records, to prevent and remediate unlawful conduct, and to cooperate in any internal or external investigations. This Policy establishes standards, accountability, and enforcement mechanisms designed to ensure legal and ethical conduct.

3. SCOPE

This Policy applies to the parties and to all personnel, contractors, agents, and representatives acting on behalf of either party in relation to matters covered by this Policy.

Scope applies to the following categories (check all that apply):

Employees Contractors Vendors and Suppliers Affiliates

4. RESPONSIBILITIES

Each party shall designate individuals responsible for overseeing compliance with this Policy, conducting training, and receiving reports. Designated representatives shall have authority to act to enforce the terms of this Policy and to coordinate corrective actions.

5. COMPLIANCE, REPORTING AND INVESTIGATION

Suspected violations of this Policy shall be reported promptly to the Policy Owner or other designated representative. Reports may be written or verbal but must be documented in the course of investigation. Each party shall investigate in good faith, preserve evidence, provide cooperation, and take corrective action where appropriate.

6. ENFORCEMENT AND SANCTIONS

Violations of this Policy may result in disciplinary measures, contract termination, indemnification obligations, restitution, or referral to law enforcement where appropriate. Enforcement actions shall be proportionate, documented, and consistent with applicable law.

7. TRAINING AND RECORDS

The parties shall provide training to relevant personnel regarding the obligations under this Policy. Each party shall maintain records of training, reports, investigations, and remedial actions for a period required by law or, if no period is specified, for a minimum of five (5) years.

8. CONFIDENTIALITY AND NON-RETALIATION

The parties shall protect the confidentiality of reports to the extent possible, consistent with the need to conduct a thorough investigation and comply with legal obligations. Retaliation against any person reporting in good faith is strictly prohibited and will be subject to sanctions.

9. AMENDMENTS AND WAIVER

No modification or waiver of any provision of this Policy shall be effective unless in writing and signed by authorized representatives of both parties. No waiver of any breach shall constitute a waiver of any subsequent breach.

10. NOTICES

All notices, demands, or other communications required or permitted under this Policy shall be in writing and delivered to the addresses set forth below by personal delivery, certified mail, or recognized courier. Notice is effective upon receipt.

11. GOVERNING LAW

This Policy shall be governed by and construed in accordance with the laws of the state or jurisdiction selected by the parties below, excluding its conflict of laws rules. The parties hereby submit to the exclusive jurisdiction of the courts located in that jurisdiction for disputes arising out of this Policy.

12. ENTIRE AGREEMENT; SEVERABILITY; COUNTERPARTS

This Policy constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous understandings and agreements. If any provision of this Policy is held to be invalid or unenforceable, the remainder of this Policy shall continue in full force and effect. This Policy may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument.

CERTIFICATION

By signing below, the undersigned certify that they are authorized representatives of the respective parties, have read and understood this Policy, and agree to be bound by its terms. The undersigned further certify that all information provided in connection with this Policy is true and accurate to the best of their knowledge.

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