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.
Keyword: Kings New York Most Favored Customer Clause The Kings New York Most Favored Customer Clause refers to a contractual provision that grants certain benefits and advantages to a specific customer in a business relationship. This clause ensures that the customer receives the best terms, pricing, and treatment compared to any other customer in the same industry or market segment. This clause is aimed at providing a competitive advantage to the favored customer by offering preferential treatment and exclusive opportunities. It promotes a mutually beneficial relationship between the business and the customer, fostering loyalty and trust. Types of Kings New York Most Favored Customer Clauses: 1. Price Matching Clause: This type of clause guarantees that the favored customer receives the lowest price for goods or services offered by Kings New York. If another customer is offered a lower price, the favored customer has the right to demand a price adjustment to match or beat the competitor's price. 2. Product Availability Clause: Under this clause, Kings New York assures the favored customer that all products or services will be readily available to them, even during high-demand periods. If there is limited availability or shortage of goods, Kings New York must prioritize the favored customer's orders. 3. Exclusive Discount Clause: In this type of clause, Kings New York provides exclusive discounts and promotional offers to the favored customer. These discounts may be higher than those offered to other customers and can be tailored to meet the specific needs and preferences of the favored customer. 4. Expedited Service Clause: With this clause, Kings New York commits to providing expedited service to the favored customer. This can include faster order processing, dedicated customer support, and enhanced delivery options, ensuring swift and efficient service. 5. Priority Access to New Products Clause: Under this clause, Kings New York guarantees the favored customer early access to newly launched products or services. The favored customer can be given pre-order opportunities or be invited to exclusive product demonstrations or previews ahead of other customers. The Kings New York Most Favored Customer Clause is designed to create a competitive advantage for the favored customer, ensuring that they receive the best treatment and benefits available. It is a tool for Kings New York to reward and retain valuable customers, fostering long-term relationships and driving overall customer satisfaction.Keyword: Kings New York Most Favored Customer Clause The Kings New York Most Favored Customer Clause refers to a contractual provision that grants certain benefits and advantages to a specific customer in a business relationship. This clause ensures that the customer receives the best terms, pricing, and treatment compared to any other customer in the same industry or market segment. This clause is aimed at providing a competitive advantage to the favored customer by offering preferential treatment and exclusive opportunities. It promotes a mutually beneficial relationship between the business and the customer, fostering loyalty and trust. Types of Kings New York Most Favored Customer Clauses: 1. Price Matching Clause: This type of clause guarantees that the favored customer receives the lowest price for goods or services offered by Kings New York. If another customer is offered a lower price, the favored customer has the right to demand a price adjustment to match or beat the competitor's price. 2. Product Availability Clause: Under this clause, Kings New York assures the favored customer that all products or services will be readily available to them, even during high-demand periods. If there is limited availability or shortage of goods, Kings New York must prioritize the favored customer's orders. 3. Exclusive Discount Clause: In this type of clause, Kings New York provides exclusive discounts and promotional offers to the favored customer. These discounts may be higher than those offered to other customers and can be tailored to meet the specific needs and preferences of the favored customer. 4. Expedited Service Clause: With this clause, Kings New York commits to providing expedited service to the favored customer. This can include faster order processing, dedicated customer support, and enhanced delivery options, ensuring swift and efficient service. 5. Priority Access to New Products Clause: Under this clause, Kings New York guarantees the favored customer early access to newly launched products or services. The favored customer can be given pre-order opportunities or be invited to exclusive product demonstrations or previews ahead of other customers. The Kings New York Most Favored Customer Clause is designed to create a competitive advantage for the favored customer, ensuring that they receive the best treatment and benefits available. It is a tool for Kings New York to reward and retain valuable customers, fostering long-term relationships and driving overall customer satisfaction.
