export controls
Definition
Export controls are government laws and regulations that restrict what products, technology, software, and information American businesses can send to people or companies in other countries. The U.S. government uses these rules to protect national security, foreign policy interests, and to keep sensitive technology out of the hands of certain countries, organizations, or individuals.
Example
If your small business manufactures specialized drone parts, you may need a government license before shipping those parts to certain countries, even if the sale seems completely routine to you.
Watch Out
Violating export control laws can result in massive fines and even criminal charges, so always check whether your products or technology require a license before making any international sale.
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This definition is for informational purposes only and does not constitute legal advice. Please consult with a licensed attorney for legal guidance.