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Simple English definitions for legal terms

most-favored-nation clause

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A quick definition of most-favored-nation clause:

A most-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 clause can also be found in contracts, especially in oil-and-gas contracts. It is also known as a favored-nation clause or MFN clause.

A more thorough explanation:

A most-favored-nation clause is a provision in an agreement between two countries 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 most-favored-nation clause, and Country B later signs a new trade agreement with Country C that gives Country C better trade terms than Country A, then Country A can demand the same better trade terms from Country B.

The most-favored-nation clause can also be included in other types of contracts, such as oil-and-gas contracts. In these cases, the clause requires that the parties involved treat each other as well as they treat any other party that is given preferential treatment.

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

most favorable light | most-favored-nation status

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14:27
276-262
I think she will too lol
WorthlessAttractiveZombie
14:27
since you're from the future, will fordham release today
14:28
no
WorthlessAttractiveZombie
14:28
fuck alright
14:28
not this week
14:28
dont even get ur hopes up u fool im from the year 2076
TheMidwestMonger
14:28
I'm terrified with how the world will react to Trump losing
WorthlessAttractiveZombie
14:28
damn, next question: should i eat the cheese that's been in my fridge for 3 weeks?
14:28
im pretty sure the world is gonna rejoice??
14:29
yes it is the key to immortality
TheMidwestMonger
14:29
Sorry, I meant the far right and their reaction lol
I live in alabama if she wins it's gonna be crazy here
14:30
same as last time whine that it was rigged go to court lose every time
good thing im bouncing next year
oh yeah
JumpySubsequentDolphin
14:31
why won’t ASU send my scholly info ☹️
WorthlessAttractiveZombie
14:31
they sent mine about 3 hours after i got the initial acceptance video thing
I just wanna hear back from them
14:31
the adcomm office got there at 10 am took a two hour lunch at 12 and left at 3:30 -- trust me im from the year 2076
lol
WorthlessAttractiveZombie
14:32
lavender, they should usually get back within a month of going complete
okie doke, thank u!
JumpySubsequentDolphin
14:35
@WorthlessAttractiveZombie: good to know! I thought I missed SMTH bc someone told me they got their admissions packet before the video lol
BulbasaurNoLikeCardio
14:35
I got school that have me under review for over a month... just hope it puts me in their first wave of As
TackyProudYogurt
14:39
Anyone know if asu releases decisions all at once or if they trickle out throughout the day?
WorthlessAttractiveZombie
14:39
I'm pretty sure it's a trickle because they send you a personalized video too
TackyProudYogurt
14:40
Ah okay so I do need to continue refreshing my email every 10 seconds
WorthlessAttractiveZombie
14:40
I would say potentially. I received my email/video around noon eastern time, and I've seen people get it past 5pm eastern
coolgirl
14:40
Does anyone know if pending decision means I’ll get a response soon? My status changed
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