General Contract Clauses: Export Regulation (US Antiboycott Law) | Practical Law

General Contract Clauses: Export Regulation (US Antiboycott Law) | Practical Law

A Standard Clause containing a covenant by a buyer of goods or services to comply with US antiboycott laws and regulations, including the Anti-Boycott Act of 2018 (enforced by the US Commerce Department) and the Ribicoff Amendment to the 1976 Tax Reform Act (codified in Section 999 of the Internal Revenue Code and enforced by the Treasury Department's Internal Revenue Service). The antiboycott laws prohibit or penalize any covered person, including US exporters, from participating in or cooperating with foreign boycotts that are not sanctioned by the US government, for example, the Arab League boycott of Israel. This Standard Clause has integrated notes with important explanations and drafting tips.

General Contract Clauses: Export Regulation (US Antiboycott Law)

Practical Law Standard Clauses 0-509-1641 (Approx. 13 pages)

General Contract Clauses: Export Regulation (US Antiboycott Law)

by Practical Law Commercial Transactions
MaintainedUSA (National/Federal)
A Standard Clause containing a covenant by a buyer of goods or services to comply with US antiboycott laws and regulations, including the Anti-Boycott Act of 2018 (enforced by the US Commerce Department) and the Ribicoff Amendment to the 1976 Tax Reform Act (codified in Section 999 of the Internal Revenue Code and enforced by the Treasury Department's Internal Revenue Service). The antiboycott laws prohibit or penalize any covered person, including US exporters, from participating in or cooperating with foreign boycotts that are not sanctioned by the US government, for example, the Arab League boycott of Israel. This Standard Clause has integrated notes with important explanations and drafting tips.