OFFSET AGREEMENTS definition
OFFSET AGREEMENTS means the Offset Agreement and the Liberty Northwest Offset Agreement.
OFFSET AGREEMENTS are the means by which the award of defence contracts by foreign governments or companies are arranged. They are conditional upon commitments from the defence contractor (supplier) to provide some form of compensation to the purchaser (BIS 2013). These agreements can include mandatory activities such as co-production, licensed production, subcontracting production, technology transfer, joint ventures, training and foreign investments (ACQ 2011) (BIS 2013).