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.
Virgin Islands Favored Nations
Category:
State:
Multi-State
Control #:
US-OG-794
Format:
Word;
Rich Text
Instant download
Description
How to fill out Favored Nations?
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FAQ
What is the Most-Favored-Nation Clause? The most-favored-nation clause is a stipulation that requires a country to provide concessions, privileges, or immunities that are to be granted to one nation in a trade agreement or to be granted to all other countries that are members of the World Trade Organization (WTO).
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.
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).
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.
Most favoured nation (?MFN?) clauses, sometimes known as 'price parity' or 'best price' clauses, are agreements whereby one party promises another to always offer its best rates or terms for a product or service.
The proposed Most Favored Nation (MFN) Model would have tested an innovative way to lower prescription drug costs by paying no more for high-cost Medicare Part B drugs and biologicals (hereinafter called ?drugs?) than the lowest price that drug manufacturers receive in other similar countries.
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.
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.
