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Simple English definitions for legal terms

favored-nation clause

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A quick definition of favored-nation clause:

A favored-nation clause is an agreement between two countries or parties that states they will treat each other as well as they treat any other nation that is given preferential treatment. This means that if one country gives special treatment to another country, the country with the favored-nation clause will also receive that same treatment. This clause can also be found in contracts, especially in the oil and gas industry. It is also known as a most-favored-nation clause or MFN clause.

A more thorough explanation:

A favored-nation clause is a provision in a contract or agreement between two nations or parties that requires each to treat the other as well as it treats any other nation or party that is given preferential treatment.

For example, if Country A has a trade agreement with Country B that includes a favored-nation clause, and Country B later enters into a trade agreement with Country C that provides better terms than the agreement with Country A, then Country A is entitled to receive the same better terms as Country C.

The favored-nation clause can also be found in other types of contracts, such as oil-and-gas contracts. In these cases, the clause ensures that the parties involved are treated equally in terms of pricing and other conditions.

Overall, the favored-nation clause is designed to promote fairness and equality in international trade and other types of agreements.

favored nation | favorite of the law

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triplethread
13:28
mamas getting denied
JumpySubsequentDolphin
13:29
the bergdorf on 5th Ave in NYC is so
JumpySubsequentDolphin
13:29
it feels like home
Dkk
13:29
I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
triplethread
13:29
im addicted to reacting to all of the decisions
triplethread
13:29
with the emojis
HopefullyInLawSchool
13:29
I shop at Joe
HopefullyInLawSchool
13:29
Joe's
glovediedthisishismom
13:30
i shop at tawget
glovediedthisishismom
13:30
im dawk gawthic maga
triplethread
13:30
i shop at giant eagle
ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
13:33
Lol UC Davis took me of ED and put me in RD
13:34
surprised I didnt get straight denied
HopefullyInLawSchool
13:34
they emailed you/
HopefullyInLawSchool
13:34
?
13:35
@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
13:37
yak you will be fucking shit up at cornell this time next year dw
i love u
13:38
love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
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