ITAR

 

ITAR:  The Parties understand that there may be information, “technical data,” and/or items related to this Agreement and/or exchanged between the Parties and/or received or obtained as part of the work anticipated hereunder that are subject to United States export controls, including the International Traffic in Arms Regulations (22 C.F.R. §§ 120-130), other regulations administered by the United States Directorate of Defense Trade Controls, the United States Arms Export Control Act (22 U.S.C. § 2278), the Export Administration Act (50 U.S.C. Ch. 56), the Export Administration Regulations (15 C.F.R. Subtitle B, Chapter VII, Subchapter C), and other application laws and regulations. The Parties acknowledge and agree that it is each party’s responsibility to maintain adequate policies and procedures with respect any and all such laws and regulations for itself.    The Parties further agree that in the event that a violation of such laws and regulations arising out of this Agreement and/or information exchanged between the Parties is discovered, each party will immediately notify the other party of the violation and all facts and circumstances related thereto so that each party can independently evaluate its legal obligations regarding a voluntary disclosure or otherwise.