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.
Oregon 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
An MFN clause, like the Oregon Most Favored Customer Clause, operates by stipulating that if a seller offers better terms to any customer, those terms automatically apply to you as well. This mechanism promotes fairness and prevents discrimination among buyers. For effective implementation, consider using platforms like uslegalforms, which provide templates and guidance to include an MFN clause in your contracts seamlessly.
An example of a MFN clause can be found in international trade agreements where a country guarantees another country the same trade benefits it offers to its best trading partner. In a local context, consider a retailer that negotiates a MFN clause with a supplier, ensuring it will receive the best prices available to any other retailer. This approach mirrors the Oregon Most Favored Customer Clause, which promotes transparency and fairness in business dealings. Such clauses can enhance trust and cooperation between parties.
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).
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.
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 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.
