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.
Texas Favored Nations
Category:
State:
Multi-State
Control #:
US-OG-794
Format:
Word;
Rich Text
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How to fill out Favored Nations?
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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.
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.
Essentially, the clause ensures that a mineral lessor will receive equal treatment to other lessors entering into similar lease agreements with the same lessee.
In the commercial lease context, the term most favored nation, which is borrowed from the international trade arena, refers to an arrangement where a lessee in a shared building, such as a strip mall, receives the benefit of any other tenant's negotiations regarding matters such as costs per square foot for common area ...
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 favored nation refers to a status conferred by a clause in which a country promises that it will treat another country as well as it treats any other country that receives preferential treatment. Most favored nation clauses are frequently included in bilateral investment treaties.
Essentially, the clause ensures that a mineral lessor will receive equal treatment to other lessors entering into similar lease agreements with the same lessee.
