General Contract Clauses: Export Regulation (No OFAC Investigations) | Practical Law

General Contract Clauses: Export Regulation (No OFAC Investigations) | Practical Law

A Standard Clause a US exporter can include in an international supply or sale of goods agreement to require the buyer to represent that it is currently not the subject of any economic or trade sanctions investigation by the US Department of the Treasury's Office of Foreign Assets Control (OFAC) or other government authorities, and to covenant that it will promptly notify the exporter if it becomes the subject of any such investigation. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.

General Contract Clauses: Export Regulation (No OFAC Investigations)

Practical Law Standard Clauses 7-593-9985 (Approx. 9 pages)

General Contract Clauses: Export Regulation (No OFAC Investigations)

by Practical Law Commercial Transactions
MaintainedUSA (National/Federal)
A Standard Clause a US exporter can include in an international supply or sale of goods agreement to require the buyer to represent that it is currently not the subject of any economic or trade sanctions investigation by the US Department of the Treasury's Office of Foreign Assets Control (OFAC) or other government authorities, and to covenant that it will promptly notify the exporter if it becomes the subject of any such investigation. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.