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What is an offset agreement and an offset transaction?

April 26, 2017Agreement offset transaction

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What is an offset agreement and an offset transaction?

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An offset agreement includes an offset agreed to by a U.S. firm in order to conclude a military export sales contract. The agreement is normally reflected in a contract that specifies the percentage of the total defense-related export sale to be offset, the forms of industrial compensation required, the duration of the offset agreement, and penalty clauses, if any.