Maine Favored Nations

State:
Multi-State
Control #:
US-OG-794
Format:
Word; 
Rich Text
Instant download

Description

This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.

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FAQ

The most-favored-nation clause is a stipulation that requires a country to provide concessions, privileges, or immunities that are to be granted to one nation in a trade agreement or to be granted to all other countries that are members of the World Trade Organization (WTO).

Most favored nation clauses are contract provisions that require that a party must receive rights and benefits under the contract that are equal to or more favorable than the rights and benefits received by any other parties.

A most favoured nation clause (also called a most favoured customer clause or most favoured licensee clause) is a contract provision in which a seller (or licensor) agrees to give the buyer (or licensee) the best terms it makes available to any other buyer (or licensee).

When used in the health care industry, an MFN clause is a contractual agreement that guarantees a health insurer the same best price as their market competitors.

?Most-Favoured-Nation? (?MFN?) treatment ? requires Members to the most favourable tariff and regulatory treatment given to the pro- duct of any one Member at the time of import or export of ?like products? to all other Members. This is a bedrock principle of the WTO.

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Maine Favored Nations