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.
Alabama Most Favored Customer Clause
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US-IP1019
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How to fill out Most Favored Customer Clause?
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FAQ
A practical example of a most favored customer clause can include agreements between a software provider and its clients. If the provider offers a lower subscription rate to a new client, the existing clients under the Alabama Most Favored Customer Clause will receive that same rate. This promotes fairness and builds trust among clients, ensuring they feel valued and protected.
The far most favored customer clause is a broader version of the Alabama Most Favored Customer Clause. It guarantees that a party will always receive the best terms offered, regardless of any other contracts made. Essentially, if a better deal is struck with another customer, the favored customer is entitled to those same advantageous terms without needing to renegotiate.
favoredcustomer clause is a stipulation in a contract that guarantees a buyer will receive the most favorable terms available from a seller. This clause is designed to protect buyers from being disadvantaged compared to others. Utilizing the Alabama Most Favored Customer Clause can enhance your purchasing power and ensure you always receive the best deal available.
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.
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.
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.
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.
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.
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).
