Common use of Re-export Clause in Contracts

Re-export. Licensee and Licensee’s Staff shall have the right to re-export, free of all export duties and taxes, property which is no longer required for use in Licensee’s activities carried out hereunder, which property was originally imported free of duties and taxes as provided in Section 11.1, and shall be subject to Article 26 (ACQUISITION OF PROPERTY). Licensee and Licensee’s Staff shall also have the right to dispose of any of their respective property within [name of host country], provided that in the case of property imported under import duty privileges in accordance with Section 11.1 (Imports), they shall pay all duties and taxes due upon such sale in accordance with the Law then in force.

Re-export. Licensee and Licensee’s Staff shall have the right to re-export, free of all export duties and taxes, property which is no longer required for use in Licensee’s activities carried out hereunder, which property was originally imported free of duties and taxes as provided in in Section 11.1, 11.1 and shall be subject to Article 26 (ACQUISITION OF PROPERTY). Licensee and Licensee’s Staff shall also have the right to dispose of any of their respective property within [name of host country], provided that in the case of property imported under import duty privileges in accordance with Section 11.1 (Imports), they shall pay all duties and taxes due upon such sale in accordance with the Law then in force.