Common use of Import and Export Requirements Clause in Contracts

Import and Export Requirements. Distributor shall, at its own expense, pay for all import and export licenses and permits, pay customs charges and duty fees, and take all other actions required to accomplish the export and import of the Products purchased by Distributor. Distributor acknowledges that EndoSonics is subject to regulation by agencies of the US and other governments, including the US Department of Commerce, which prohibit export or diversion of certain technical products to certain countries. Distributor agrees to comply with all export laws and restrictions and regulations of the US Department of Commerce or other United States or foreign agency or authority, and not to export, or allow the export or re-export of, any Proprietary Information or Products or any direct product thereof in violation of any such restrictions, laws or regulations.