Legal Definitions - Export Clause

An export clause is a provision in a contract that outlines the terms and conditions for exporting goods or services from one country to another. It is often included in international trade agreements to ensure that both parties understand their obligations and responsibilities when it comes to exporting.

Company A in the United States agrees to sell 1000 units of their product to Company B in Japan. The contract includes an export clause that specifies the following:

• The terms of payment
• The delivery date and method of transportation
• The required documentation for customs clearance
• The responsibilities of each party for obtaining necessary licenses and permits

By including an export clause in the contract, both Company A and Company B have a clear understanding of what is expected of them in terms of exporting the product from the United States to Japan.

Another example of an export clause could be a provision in a licensing agreement that outlines the conditions for exporting software or technology to another country. This could include restrictions on the use of the software or technology in certain countries or the requirement for the licensee to obtain specific export licenses before exporting the product.

Overall, an export clause is an important part of any international trade agreement as it helps to ensure that both parties are aware of their obligations and responsibilities when it comes to exporting goods or services.