Common use of Embargo Clause in Contracts

Embargo. The Seller is bound by international trade laws and regulations and shall strictly observe them. These regulations include sanctions that, for example, prohibit certain transactions, activities, or payments. These sanctions may be directed against governments of third countries and against non-state entities, companies and/or persons (such as terrorist organisations and terrorists). They may include an arms embargo, another specific or general trade restriction (export or import ban), a financial restriction such as an asset freeze, an entry restriction (visa or travel ban) or any other measure as may be appropriate. Seller shall not ship Goods or otherwise engage in activities for, on behalf of or in favour of any person, entity, territory, country, or organisation subject to such sanctions and subject to the French, European or US authorities or other applicable sanctions regimes, in particular activities directly or indirectly relating to: Crimea/Sevastopol/Donetsk and Lugansk, Cuba, Iran, Myanmar/Burma, North Korea, Sudan, Syria, and Venezuela. This list is not exhaustive and may vary from time to time. If the Buyer misinforms the Seller as to the use and/or (final) destination of the Goods or the Consignee of the Goods, either intentionally or accidentally, and the Goods are delivered to a sanctioned country and/or customer, either directly or indirectly, the Buyer shall fully indemnify and hold the Seller harmless from and against any penalties and/or costs and pay all legal costs (including legal fees) arising from the misinformation. In such a case, the Seller shall be entitled to dissolve the Agreement immediately without any right to compensation for the Buyer.