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Simple English definitions for legal terms

market-out clause

Read a random definition: Board of Veterans' Appeals

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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im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
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