Common use of Export Control Regulations Clause in Contracts

Export Control Regulations. Both parties are subject to applicable U.S. export laws and regulations and shall use their reasonable best efforts to comply with any and all reporting or licensing requirements contained therein. Prior to delivery to the University of any export controlled information, materials, technology, or know-how (collectively “Controlled Content”), Sponsor shall notify the University’s contractual contact, as identified in Appendix B below, and inform such contact of the Sponsor’s intention to disclose or deliver the Controlled Content. At such time, University’s contractual offices shall have a reasonable period, not to exceed seven (7) business days, to evaluate the request for disclosure or delivery of the Controlled Content. University’s contractual office shall have, in its sole discretion, the right to accept or decline receipt of such Controlled Content. Upon receipt of written notification from University of its acceptance of delivery of the identified Controlled Content, in a manner consistent with this provision, Sponsor may disclose and/or deliver the Controlled Content only to the attention of the named Principal Investigator as identified in Appendix B.