This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
Connecticut Favored Nations
Category:
State:
Multi-State
Control #:
US-OG-794
Format:
Word;
Rich Text
Instant download
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FAQ
This is an industry term which means that you are getting equal contractual treatment to others on the project ? billing, accommodations, and any other contractual provision. This is not required by SAG-AFTRA and must be separately negotiated between Performer and Producer.
When used in the health care industry, an MFN clause is a contractual agreement that guarantees a health insurer the same best price as their market competitors.
The idea of the Most-Favored Nation clause is that all early investors are eligible to receive the same terms as later investors if the terms of the later investors are better than the ones they have.
September 5, 2022. A most "most favored nations" ("MFN") or "favored nations" clause are commonly seen in commercial contracts including those related to the entertainment and sports industries.
However, one term that can crop up in any of these contracts is ?Most Favored Nations,? or MFN. An MFN clause or rider can substantially effect what performers or other designated artists are paid, which is why both producers and artists need to understand the meaning of MFN. MFN clauses are not limited to actors.
An MFN provision is a term included in a contract for products or services that prevents the seller from selling its products or services to the buyer's competitors for a lower price, or on better terms, than the seller sells the products or services to the buyer.
The most favoured nation (MFN) principle is based on the idea that countries should treat all their trade partners equally?that no one country should be ?more favoured.? It means no country should give special treatment to goods or services coming from one particular trading partner.
