Tag Archive : Gift Giving

/ Gift Giving

Research have discovered that gift-giving, whether these are gifts for babies such as those from baby gift baskets Toronto or other types of gifts given to someone, is a remarkably complex and significant aspect of human relations and interaction, aiding to recognize relationships as well as strengthen ties and connections with peers and family. According to psychologists, it is frequently the giver, instead of the receiver, who gets the greatest psychological benefits from a gift.

The Act Of Gift Giving

A present or a gift is a piece of item given or presented to someone without looking forward to any payment or something in return. Even if gift-giving may entail an anticipation of reciprocity, a gift or present is intended to be free. In numerous nations, the act of reciprocally exchanging goods, money, and others may uphold social relations as well as add to social cohesion. Economists have expounded on the gift-giving economics into the idea of a gift economy. The word gift, by extension, could denote to any item or service that brings about the feeling of happiness, particularly as a favor or courtesy, kindness as well as forgiveness.

The Federal Bribery Statue

In the commercial or business world, gift giving is common. A lot of business transactions and agreements are carried out over lunch or dinner at a fancy restaurant or at a major league game in box seats. Moreover, a corporate owner might send a little something to an esteemed client or customer during the holidays. However, when the customer or client is the federal government of the U.S, the rules on gift-giving are very not the same.

Giving gifts or presents to federal employees or workers by government contractors could lead to penalties, including jail time. Each government contractor ought to be familiar with and obey the rules on gifts by the government.

The federal bribery statue forbids giving or gifting a federal employee with anything of value with the purpose of gaining a contract deal or award, the exercise of an option year on an existing contract or arrangement, or any other beneficial treatment.

This kind of motivation or intention is inappropriate under the federal bribery statute. This could put you in very hot water since the bribery statute sets stiff punishments or penalties for gifts that are purposely given to federal employees to gain treatment that is favorable from a federal employee.