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Simple English definitions for legal terms

market-out clause

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A quick definition of market-out clause:

A market-out clause is a part of a contract in the oil and gas industry that allows the buyer of natural gas to reduce the purchase price if market conditions make it too expensive to continue buying at the agreed-upon price. The seller can then choose to accept the lower price or cancel the contract altogether. This clause often refers to competing fuels like fuel oil and is also known as an economic-out clause.

A more thorough explanation:

A market-out clause is a provision in a contract that allows a buyer to lower the purchase price of a product if market conditions make it too expensive to continue buying at the agreed-upon price. This clause is commonly used in the oil and gas industry, where the price of natural gas can fluctuate greatly depending on market conditions.

For example, let's say a pipeline company agrees to purchase natural gas from a well owner at a fixed price for a certain period of time. However, if the price of natural gas drops significantly due to increased supply or decreased demand, the pipeline company may activate the market-out clause and request a lower price. The well owner can then choose to accept the lower price or cancel the contract altogether.

Market-out clauses can also refer to competing fuels, such as fuel oil. In this case, if the price of fuel oil drops significantly, the pipeline company may activate the market-out clause and request a lower price for natural gas.

Overall, market-out clauses provide flexibility for both buyers and sellers in volatile markets, allowing them to adjust prices to reflect changing market conditions.

market order | market overt

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babycat
9:55
it’s true he sent me feet pics (unsolicited!)
babycat
9:56
poor little glovey
babycat
9:56
it’s illegal to make you work on a snow day
BulbasaurNoLikeCardio
9:57
Free feet pics sounds like you saved some money
snow
9:59
wish it was snowing in texas rn
Dkk
9:59
Man, hate this conversation cus it just reminds me of the gay guy that used to always ask me for them.
BulbasaurNoLikeCardio
9:59
That cold snap that hit texas is heaven though, opening windows in the house and using the fireplace
snow
10:00
it really is bulb. it was hot as hell for the longest time
BulbasaurNoLikeCardio
10:00
@Dkk: You could of made so much money
that sounds heavenly
babycat
10:00
Aw Dkk has trauma from the gay guy who wanted to fuck his arches
snow
10:00
lmaooooo
BulbasaurNoLikeCardio
10:00
@snow: winter is tattoo season and since that cold snap hit I got one done and have three sessions scheduled lol I love the cold
snow
10:00
whys that?? you're lowkey inspiring me now
snow
10:01
ive been wanting a thigh tat for so long
snow
10:01
or maybe something on my knee, but i heard thats hella painful
Dkk
10:01
I wouldn't say trauma, the trauma would probably come from seeing my friends head get crushed by an LTV and feeling the bag of glass that was his skull in my hands. Or knowing a kid I mentored shot himself with a bullet he used to keep around his neck that I allowed him to have illegally.
Dkk
10:01
Feet shit though, just annoying.
dkk that is heavy stuff
snow
10:01
jesus dk
BulbasaurNoLikeCardio
10:01
Winter is tattoo season because you are less likely to be in the sun exposing the healng tattoos, you dont go swimming or tanning in winter either so you don't miss out on the fun stuff of summer
Guys
Do u think I will hear from au today
snow
10:02
homely i hope we do!
Yes is the only correct answer ty
Dkk
10:02
Lmfao, it's just part of life in the military. Couple years ago a guy I knew got crushed by a tree. Is what it is.
snow
10:02
@BulbasaurNoLikeCardio: thats smart. i dont know anything about tattoo care lol
babycat
10:02
Also piercings are better to get in the winter
snow
10:02
dk i feel like you would do great in criminal defense
soap
10:02
you good Dk?
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