Ethical issues in business contracting



Ethical issues in business contracting

Answer No. 1

The code of ethics refers to the good and bad conducts in business. It is highly important for a business to conduct its operations and activities in a ethically responsible way. A business organization is highly obligated to provide honest and true information while contracting, obtain information from other business partners by fulfilling legal concerns, careful management of insider information, abiding all laws concerning to third party intellectual property, conduct procurement related operation in a transparent manner, respect cultural differences, and establishment of fair and just contractual terms (William, B., ...