Common use of Prohibition of Offsets Clause in Contracts

Prohibition of Offsets. Each Party shall ensure that its entities do not, in the qualification and selection of suppliers, goods or services, in the evaluation of bids or the award of contracts, consider, seek or impose offsets. For purposes of this Article, offsets means conditions imposed or considered by an entity prior to or in the course of its procurement process that encourage local development or improve its Party's balance of payments accounts, by means of requirements of local content, licensing of technology, investment, counter-trade or similar requirements.

Prohibition of Offsets. Each Party shall ensure that its entities do not, in the qualification and selection of suppliers, goods or services, or in the evaluation of bids or the award of contracts, consider, seek or impose offsets. For purposes of this Article, offsets means conditions imposed or considered by an entity prior to to, or in the course of of, its procurement process that encourage local development or improve its Party's ’s balance of payments accounts, by means of requirements of local content, licensing of technology, investment, counter-trade or similar requirements.

Prohibition of Offsets. Each Party shall ensure that its entities do not, in the qualification and selection of suppliers, goods or services, or in the evaluation of bids or the award of contracts, consider, seek or impose offsets. For purposes of this Article, offsets means conditions imposed or considered by an entity prior to to, or in the course of of, its procurement process that encourage local development or improve its Party's balance of payments accounts, by means of requirements of local content, licensing of technology, investment, counter-trade or similar requirements.

Prohibition of Offsets. Each Party shall ensure that its entities do not, in the qualification and selection of suppliers, goods or services, in the evaluation of bids or the award of contracts, consider, seek or impose offsets. For purposes of this Article, offsets means conditions imposed or considered by an entity prior to to, or in the course of of, its procurement process that encourage local development or improve its Party's balance of balance-of-payments accounts, by means of requirements of local content, licensing of technology, investment, counter-trade or similar requirements.