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Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

favored-nation clause

See MOST-FAVORED-NATION CLAUSE.

most-favored-nation clause

1. A clause in an agreement between two nations providing that each will treat the other as well as it treats any other nation that is given preferential treatment. 2. By extension, such a clause in any contract, but esp. an oil-and-gas contract. -Often shortened to favored-nation clause; MFN clause. - Also termed most-favored-nations clause. Cf. preferential tariff under TARIFF. most-favored-nation status See MOST FAVORED NATION.