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ARTICLE · 24 OCTOBER 2006

10 Things You Need To Know About Technology Exports

Goodwin Procter LLP
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If your technology company does business with foreign nationals, either domestically or abroad, it is possible that your company is undertaking activities subject to laws and regulations that govern the export of technology. These laws and regulations serve an important role in safeguarding our nation and its interests.

United StatesIntellectual Property

By Robert S. Blasi, Jr.

If your technology company does business with foreign nationals, either domestically or abroad, it is possible that your company is undertaking activities subject to laws and regulations that govern the export of technology. These laws and regulations serve an important role in safeguarding our nation and its interests. However, their complexity can serve as a trap for the unwary, and the penalties for non-compliance can be substantial. Here are 10 things to keep in mind as you pursue business activities with foreign nationals:

1. There are several bodies of law that can apply to technology exports.

These laws and regulations include the Arms Export Control Act, the International Traffic in Arms Regulations ("ITAR"), the United States Munitions List ("USML"), the Export Administration Regulations ("EAR"), the Commerce Control List ("CCL") and the various sanctions lists maintained by the Office of Foreign Assets Control ("OFAC"). Their coverage is broad

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