Local Component Clause Samples
The Local Component clause defines the specific parts or elements of a project, service, or agreement that are sourced, produced, or managed within a particular geographic area or jurisdiction. In practice, this clause may require that certain materials, labor, or services originate from local suppliers or meet local content thresholds, often to comply with regulatory requirements or to support local economies. Its core function is to ensure that a portion of the contract’s value benefits the local community, addresses regulatory compliance, or fulfills policy objectives related to local participation.
Local Component. Densify hereby grants Customer a limited, personal, non-transferrable (except as permitted in Section 13.c) and non-exclusive license in the Territory and during the Subscription Term to install and use the Local Component on machines operated by or for Customer, if required for the collection of the Customer Data and solely to facilitate Customer’s authorized access to and use of the Densify Subscription Offering. The Local Component is licensed and not sold, even if for convenience ▇▇▇▇▇▇▇ makes reference to words such as “sale” or “purchase”.
Local Component. (1) The Concessionaire shall undertake to hire local companies in the project implementation at least in the amount of 70% of the direct investment costs, except for the equipment supply costs.
(2) The percentage referred to in the previous point may be reduced at least 40% of the direct costs for investment if there are no competitive proposals by local companies relating to equipment and services for which the Concessionaire shall submit suitable evidence to the Grantor.