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Most Favored Customer Clause

South Dakota Most Favored Customer Clause

Name: South Dakota Most Favored Customer Clause
Brand: US Legal Forms
Rating: 4.7 (487 reviews)

Category:

Licenses - Rights Acquisitions

State:

Multi-State

Control #:

US-IP1019

Format:

Instant download

Description

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.

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FAQ

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.

The most favored nation clause is a term that is given to a certain country, and it implies that the recipient of the favorable treatment must receive equal trade advantages as the most favored nation of a country's trade policy.

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).

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.

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.

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.

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By A Celnicker · 1991 · Cited by 30 ? A most favored nations (MFN) clause is a contractual agreementCross of Kansas City, and Dental Service Corporation of North Dakota. (9) "Insurance business," includes the transaction of all matters pertaining to a contract of insurance, both before and after the effectuation of that contract ...The presence of most favored customer clauses can also lead to a supplier rejecting an1997) (same); Premiere Wine & Spirits of South Dakota, Inc. v.32 pages The presence of most favored customer clauses can also lead to a supplier rejecting an1997) (same); Premiere Wine & Spirits of South Dakota, Inc. v. Liquidated damages clauses in contracts will be upheld as long as theyReceive free daily summaries of new opinions from the South Dakota Supreme Court. This clause has taken on increased importance in federal solicitations as the award of federal supply contracts has exploded in recent times. The MFC clause has ... South Dakota Supreme Court Limits Enforceability of Non-Solicitation Clause in Non-Compete Agreement. Tuesday, April 24, 2018. Whenever possible ... MOST FAVORED CUSTOMER CLAUSE. If CONTRACTOR, at any time during this Contract, routinely enters into agreements with other governmental customers within the ... To write a South Dakota non-compete agreement, review the South Dakota laws. Include the following clauses:Both the employer and the employee should sign the ... Dakota, and South Dakota and proposed in New Mexico and Oklahoma are constitutional under the dormant Commerce Clause of Article I of the U.S. Constitution. ... including checking and savings accounts, credit cards, auto, home and personal loans. Visit us online or at any of our more than 500 branch locations.

South Dakota Most Favored Customer Clause

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