Common use of Most Favored Clause in Contracts

Most Favored. NATION TREATMENT Each Party shall accord to service suppliers of the other Party treatment no less favorable than that it accords, in like circumstances, to service suppliers of a non-Party. ARTICLE 10.4: MARKET ACCESS Neither Party may adopt or maintain, either on the basis of a regional subdivision or on the basis of its entire territory, measures that: (a) impose limitations on: (i) the number of service suppliers, whether in the form of numerical quotas, monopolies, exclusive service suppliers, or the requirement of an economic needs test; (ii) the total value of service transactions or assets in the form of numerical quotas or the requirement of an economic needs test; (iii) the total number of service operations or the total quantity of services output expressed in terms of designated numerical units in 10-2 the form of quotas or the requirement of an economic needs test2; or (iv) the total number of natural persons that may be employed in a particular service sector or that a service supplier may employ and who are necessary for, and directly related to, the supply of a specific service in the form of numerical quotas or the requirement of an economic needs test; or (b) restrict or require specific types of legal entity or joint venture through which a service supplier may supply a service.

Appears in 10 contracts

Samples: Trade Agreement, Trade Agreement, Trade Agreement

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