Embargoed Country Clause Samples
The Embargoed Country clause restricts parties from engaging in transactions or activities that involve countries subject to trade embargoes or sanctions. Typically, this clause prohibits the export, re-export, or transfer of goods, services, or technology to individuals or entities located in embargoed nations, such as those designated by government authorities like the U.S. Treasury Department. Its core function is to ensure compliance with international laws and regulations, thereby protecting parties from legal penalties and reputational risks associated with unauthorized dealings.
POPULAR SAMPLE Copied 4 times
Embargoed Country. Seller has no responsibility to fulfil any Order or order form if the Product has a destination to an embargoed country where it would be illegal for Seller to ship Products. Seller reserves the right to terminate this Agreement if a country is or becomes an embargoed country under European Union, the United States of America or other laws applicable to Seller or if the destination of the Products is outside Buyer’s Territory.
Embargoed Country any country or geographic region subject to comprehensive economic sanctions or embargoes administered by the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) or the European Union (“EU”), including without limitation Cuba, Iran, North Korea, Syria, the Donetsk and Luhansk People’s Republics and the Crimea region; Global Trade Laws: US Export Administration Regulations; the US International Traffic in Arms Regulations; the economic sanctions rules and regulations administered by OFAC as well as any relevant Executive Orders; the sanctions and export control rules and regulations administered by competent authorities in the United Kingdom, including but not limited to sanctions regimes implemented under the UK Sanctions and Anti-Money Laundering Act 2018, EU Council Regulations on export controls, including Nos. 428/2009, 267/2012; other EU Council sanctions regulations, as implemented in EU Member States; United Nations sanctions policies; all relevant regulations made under any of the foregoing; and other applicable economic sanctions or export and import control laws;