INTER PARFUMS, INC.

CODE OF BUSINESS CONDUCT

PURPOSE:

    This Code of Business Conduct contains the specific corporate policies adopted by the Board of Directors that relate to the legal and ethical standards of conduct of senior executive and senior financial officers of Inter Parfums, Inc., as well as its employees.

    The purpose of this Code of Business Conduct is to provide a general statement regarding the Company's expectations as to the legal and ethical nature of conduct of the Company's senior executive and senior financial officers, as well as employees and to provide for the administration of the Company's Code of Business Conduct.

    Further, the Company is publicly owned and its common stock is registered and traded in accordance with United States federal securities Laws and with rules and regulations promulgated by the United States Securities and Exchange Commission ("SEC"). Therefore, the Company is subject to strict disclosure requirements and must disclose to the public all material information relating to its business affairs and financial condition. In addition, the Company is required to promptly disclose amendments to this Code of Business Conduct and waivers of conduct under this Code of Business Conduct granted to its senior executive and senior financial officers.

    Moreover, this Code of Business Conduct is intended to enhance the qualifications of the Code of Business Conduct as a program that, under the United States Sentencing Guidelines, is reasonably designed, implemented and enforced so as to be generally effective in preventing and detecting criminal conduct.

DEFINITIONS:

    As used in the Code of Business Conduct:

    "Company" means Inter Parfums, Inc., a Delaware corporation, its divisions, subsidiaries, and successors.

    "High Level Personnel" means individuals who have substantial control over the Company or who have a substantial role in policy-making within the Company, including directors, executive officers and individuals in charge of a major business or functional unit of the Company, such as sales, administration or finance.

    "Laws" means laws and rules and regulations of governmental agencies and authorities.

POLICY:

A. Standards of Conduct.

    It is the Company's policy to observe and comply with all Laws applicable to it or the conduct of its business wherever located. In some situations the applicable Law of the United States may conflict with the applicable Law of another country. In such cases the Company will endeavor to resolve such conflict following the guidance of its attorneys. Where such a conflict cannot be resolved, the applicable Law of the United States will be observed and complied with by the Company.

    The Code of Business Conduct sets forth specific corporate policies governing the conduct of the business of the Company. These policies were developed and are intended to be applied in good faith with reasonable business judgment in order to enable the Company to achieve its operating and financial goals within the framework of the Law.

    It is the personal responsibility of each employee and agent of the Company to adhere to the standards and restrictions, whether imposed by Law or the Code of Business Conduct, applicable to his or her assigned duties and responsibilities and to conduct himself or herself accordingly. Such standards and restrictions require each employee to avoid any activities which would involve the Company in any practice which is not in compliance with the Code of Business Conduct. Any employee who does not adhere to such standards and restrictions is acting outside the scope of his or her employment.

B. Administration of Code of Business Conduct.

The Code of Business Conduct of the Company shall be administered as follows:

        1. Scope of Code of Business Conduct.

    The Audit Committee shall, periodically, in light of the experience of the Company, review the Code of Business Conduct, and when necessary or desirable, make recommendations to the Board of Directors (i) to ensure its continued compliance with applicable Law, and (ii) to ensure that any weaknesses revealed through monitoring, auditing and reporting systems are eliminated or corrected.

 

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