Critics of the bill say lawmakers can't use the tax code to reclaim bonuses included in contracts.

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Earlier this month UK dairy farmers and processing firms agreed a voluntary code of practice to help make contracts more transparent and develop "trust" within the industry.

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Policyholders might not know what they are entitled to, since it often feels as if you need a code-breaker to decipher disability insurance contracts.

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President Roosevelt and Hugh Johnson, his NRA czar, tried to pressure Ford into signing the code by shutting Ford out of any government contracts.

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"The first thing to fight against corruption is transparency, " he said, adding that his country was now publishing all mining contracts as part of a new mining code.

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Section 1113 of the Bankruptcy Code enables reorganizing companies to improve their post-bankruptcy competitiveness by renegotiating union contracts to competitive rates.

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The new code of conduct will come into force from 1 July when players will sign their new elite rugby contracts.

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American has also felt competitive pressures as most of its competitors like Delta, United, US Airways and several similar carriers have reorganized under Chapter 11 Bankruptcy Code in recent years and emerged a stronger competitors as companies have renegotiated labor, supply and financing contracts that have brought operating costs down.

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The voluntary code, announced at Birmingham's National Exhibition Centre, is designed to provide greater transparency in dairy contracts.

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