This form contains a Most Favored Customer Clause, which can be incorporated into license agreements to obligate the licensor to grant the licensee equivalent or better terms than the licensor has granted to any of its past, present and future customers.
Nevada Most Favored Customer Clause
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US-IP1019
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FAQ
Most-Favored Nations (MFN) clauses (also known as antidiscrimination clauses or most-favored customer clauses) are common in business today. These provisions require that the supplier will treat a particular customer no worse than all other customers (and sometimes even better).
Most-Favored-Nation Clause Explained For example, if a country belonging to the WTO reduces or eliminates a tariff on a particular product for one trading partner, the treaty's MFN clause obligates it to extend the same treatment to all members of the organization.
A Standard Clause allowing a buyer to obtain the best possible price on goods or services from a seller by requiring it to provide the buyer with the lowest price among all buyers in that market.
A Standard Clause allowing a buyer to obtain the best possible price on goods or services from a seller by requiring it to provide the buyer with the lowest price among all buyers in that market.
Under Section 1, a court judges the legality of an MFN under the rule of reason and weighs its potential procompetitive and anticompetitive effects against each other (see Practice Note, Antitrust Rule of Reason). The most obvious procompetitive benefit of an MFN usually is some assurance of lower prices to the buyer.
Most favoured customer clauses in commercial contracts provide that the supplier will always give the customer its best price and terms. They usually provide that if the supplier gives another customer a better deal then it has to pay the favoured customer the difference.
FavouredCustomer Clause (MFC) is a contractual arrangement between vendor and customer that guarantees the customer the best price the vendor gives to anyone. The MFC prevents a company from treating different customers differently in negotiations.
GSA has a clause called the Most Favored Customer (MFC) clause. It requires the contractor to offer the government at least the best price it offered to a previous customer. GSA uses this clause for its schedules.
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A legal resource guide for Nevada real estate licensees.either party (broker or client) may file a lawMore popular in slow real estate markets. The proposed Most Favored Nation (MFN) Model would have tested an innovative way to lower prescription drug costs by paying no more for ...By MS Ettinger · 2014 ? Federal and state contracting authorities more frequently are including Most Favored Customer (MFC) clauses in contracts for procurement of privately ... The Nevada constitution was framed by a convention of delegates chosen by thethe taken or damaged property shall be valued at its highest and best use ... » 39% of audited contractors did not offer schedule pricing that was equal to or better than that offered to its most favored customer. This amounted to a total ... The presence of most favored customer clauses can also lead to a suppliercomplete discussion, see the author's article, ?Distribution Contracts? ... Most-Favored-Nation Clause (Price Parity Clause): A guarantee that anThe Nevada law prohibits providers (i.e., health systems) from ... Acceptance of this Counteroffer by Buyer shall not be binding unless and until it is subsequently re-signed by Seller in paragraph 7 below and ... MFNs are sometimes also referred to as "most favored customer clauses," "prudentBy requiring all insurance plans to cover certain costly illnesses, the ... By J BLACKMAN · Cited by 19 ? Free Exercise of Religion as a ?most-favored? right. Under Justicesands.16 Nevada restricted the exercise of a constitutional right but.
