Export License Requirements Sample Clauses
The Export License Requirements clause establishes the obligation for parties to comply with applicable export control laws and regulations when transferring goods, technology, or information across borders. In practice, this means that before exporting certain products or technical data, the parties must determine if an export license is required and obtain any necessary governmental approvals. This clause ensures that all transactions adhere to legal restrictions, thereby preventing unauthorized exports and reducing the risk of legal penalties or business disruptions.
Export License Requirements. If ITT secures the export license required by the United States Government, Buyer will furnish an original signed end-user statement to acquire such licenses. If such licenses are not paid for by Buyer, such payments will be added to the Order price.