offset contract definition

offset contract means a counterpart of a main export sales contract in a high technology sector where the government imposes on its overseas supplier an obligation to perform direct offset, or indirect offset, or semi-direct offset.The offset contract sets the value as well as the schedule of the offset obligation to be met by the supplier in line with the proportions set in the applicable offset legislation
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Related to offset contract

  • Smart contract means an event-driven program, with state, that runs on a distributed, decentralized, shared, and replicated ledger and which can take custody over and instruct transfer of assets on that ledger.

  • IT Contracts means any agreements, licences or other contractual arrangements with third parties relating to the IT Systems or IT Services, including licences of all software, leases of hardware and other procurement of IT Systems or IT Services;

  • Assumed Contract means any Executory Contract or Unexpired Lease assumed by the Reorganized Debtors in accordance with Article V of the Plan.

  • Procurement Contract or “Contract” means any written agreement of the Authority for the acquisition of goods or services of any kind in the actual or estimated amount of $25,000, or more.

  • Project Contract means any Contract, excluding this Agreement and, as and when executed, the Ancillary Agreements [reserved], to which Seller is a party, or by which Seller or any of the Project Assets is bound, that relates to or has the primary purpose of supporting the Work or the Project, including, for the avoidance of doubt, any Contract pursuant to which Seller or any of its Affiliates is granted a real property or other interest in the Project Site (in whole or in part) or is licensed or granted the right to use, or holds or possesses, any Project Intellectual Property Rights.