CAATSA Clause Samples
The CAATSA clause refers to compliance with the Countering America's Adversaries Through Sanctions Act, a U.S. law that imposes sanctions on certain countries, entities, or individuals. In practice, this clause requires parties to ensure that their activities, transactions, or business relationships do not violate U.S. sanctions regulations, often by prohibiting dealings with sanctioned entities or requiring due diligence checks. Its core function is to ensure that contractual parties avoid legal and financial penalties by adhering to U.S. sanctions laws, thereby mitigating the risk of inadvertent violations.
CAATSA. Neither the Company or its subsidiaries, nor, to Company’s knowledge, any director, officer, agent, employee or affiliate of the Company or subsidiaries, is a Person that is, or is owned or controlled by a Person that has a place of business in, or is operating, organized, resident or doing business in a country or territory that is, or whose government is, the subject of the CAATSA Sanctions Programs.
CAATSA. Neither the Buyer nor, to the Buyer’s knowledge, any Person associated or affiliated with the Buyer, is a Person that is, or is owned or controlled by a Person that has a place of business in, or is operating, organized, resident or doing business in a country or territory that is, or whose government is, the subject of the CAATSA Sanctions Programs.