Most Favored Nation

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Most Favored Nation

A privilege granted by one country to another whereby the products of the privileged country pay the lowest delivered duty paid charged by the granting country.

Most Favored Nation

A status in which a country assesses the lowest possible tariffs that it can assess on another country. For example, if a country's lowest tariff is a certain percentage of the value of a good, it charges this percentage on an import from a country with most favored nation status. Members of the World Trade Organization are required to extend Most Favored Nation status to other members, though exceptions exist. In the United States, most favored nation status is formally called permanent normal trade relations.
References in periodicals archive ?
Recently in an antitrust class action case against several large vitamin manufactures, the defendants used a "Reverse Most Favored Nations Clause.
However, with the upsurge in both class action and mass tort lawsuits, Most Favored Nation clauses (MFN), are increasingly used as tools to encourage settlement.
On the other hand, of course, it could be that the Defendant chooses to go to trial against other Plaintiffs in which case the amount of the judgment would not effect an earlier Plaintiff's settlement under the concept of Most Favored Nation.
Undoubtedly, most Most Favored Nation clauses are not right for every situation.
The Sun-Times had argued it could impose the work and hiring restrictions and pay cuts under the most favored nations contract clause that permitted management to impose whatever contract concessions the Tribune could wrest from its typographers.
IF YOU KNEW WHAT SUNUNU If you knew what Sununu Knows about quantum physics and Greek And oil explorations and most favored nations And the secret handshake of Deke, Maybe you too, like Sununu, Would adopt as your principal nile That you are the brightest, you're lit the lightest, A nd everyone else is a fool With the I.
Capitalizing on the most recent Most Favored Nations Trade Agreement that passed legislation between the United States and Vietnam, Ebait Inc.
We are pleased to be able to announce this joint venture and are extremely excited about this opportunity to take advantage of the Most Favored Nations Trade Agreement.
In this action, Motorola claims that Qualcomm breached two key clauses of the 1990 agreements, the most favored nations and royalty sharing provisions.
The ordinance read: "An ordinance creating a section in the code of ordinances of Broward County, Florida, relating to access to broadband internet access transport services; requiring cable television franchisees to provide such access on rates, terms, and conditions at least as favorable as those on which it provides such access to itself; creating a private cause of action and enforcement by county; providing a most favored nations clause; providing severability, inclusion in code, and effective date.
In addition, Mobil has secured a Most Favored Nations clause.

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