General Contract Clauses: Conflict Minerals Covenant | Practical Law

General Contract Clauses: Conflict Minerals Covenant | Practical Law

A Standard Clause that a buyer can include in its sale of goods agreement to require the seller to covenant that the goods will not contain conflict minerals, the presence of which may trigger reporting obligations under the conflict minerals rules promulgated under the Dodd-Frank Act, as well as Office of Foreign Assets Control (OFAC) sanctions under Executive Order 13671. This Standard Clause has alternative language requiring the seller to covenant that it shall take reasonable steps to ensure that the goods will not contain conflict minerals. This Standard Clause has integrated notes with important explanations and drafting tips.

General Contract Clauses: Conflict Minerals Covenant

Practical Law Standard Clauses w-022-7976 (Approx. 10 pages)

General Contract Clauses: Conflict Minerals Covenant

by Practical Law Commercial Transactions
MaintainedUSA (National/Federal)
A Standard Clause that a buyer can include in its sale of goods agreement to require the seller to covenant that the goods will not contain conflict minerals, the presence of which may trigger reporting obligations under the conflict minerals rules promulgated under the Dodd-Frank Act, as well as Office of Foreign Assets Control (OFAC) sanctions under Executive Order 13671. This Standard Clause has alternative language requiring the seller to covenant that it shall take reasonable steps to ensure that the goods will not contain conflict minerals. This Standard Clause has integrated notes with important explanations and drafting tips.