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.
Arizona Most Favored Customer Clause
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Multi-State
Control #:
US-IP1019
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Word;
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How to fill out Most Favored Customer Clause?
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FAQ
In the context of the Arizona Most Favored Customer Clause, a typical example involves a software company that sells licenses to various clients. If the company later offers a reduced rate to a new client, the existing clients with the clause are entitled to the same favorable terms. This practice not only builds trust but also secures long-term relationships between the company and its clients.
Yes, most favored customer clauses can be legally binding if they are included in a written contract that meets the necessary legal requirements. When both parties agree to the terms, they create a binding obligation to adhere to those terms. It is crucial to ensure that the language used in the agreement is clear and precise to avoid misunderstandings.
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.
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.
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.
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).
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.
