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.
Utah Most Favored Customer Clause
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Multi-State
Control #:
US-IP1019
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Word;
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FAQ
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-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.
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 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.
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.
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).
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By C d?Aspremont · 2007 · Cited by 3 ? or-release clause with a most-favored-customer clause, thena price lower than stated herein before this order is filled and furnishes satisfactory ev-. 28-Feb-2022 ? The proposed Most Favored Nation (MFN) Model would have tested an innovative way to lower prescription drug costs by paying no more for ...North Carolina Legislature Passes Prohibition on MFNs (Most Favored Nations Clauses) in Health Care Contracts. Monday, . On Tuesday, the North ... 3-115 Pre-Bid Conferences in Multi-Step Sealed Bidding 3-16However, clauses providing for most-favored-customer prices for the purchasing agency, ... By JL Contreras · 2020 ? Most-Favored Clauses. I. Audit Clauses. While lawyers often obsess over the ?legal? terms of an agreement, it is likely that the most. 03-Apr-2019 ? Here is a list of the most common construction contract documents,This document will detail the specific clauses and conditions for ... 2 Some believe that a simple best-efforts clause requires a promisor to do everything in its power to accomplish the obligation, including spending ... By J Feng · 2020 · Cited by 3 ? driven by the interaction of this reform with Medicaid's ?most-favored customer? clause (MFCC). By examining the response of drugs that ... 23-Apr-2020 ? In a perfect world, agreements would be entered into, both sides wouldSpecific performance is best described as the breaching party's ... 18-Mar-2022 ? They may collect offers from buyers for one week, and then respond to a handful of the best offers by saying ?Send us your highest and best ...
