Most favored nations clause definition

Most favored nations clause means terms in a contract be- tween a certified health plan and a health care provider or facility by which the provider or facility agrees they will not charge other plans a lower price than the price charged the plan instituting the clause.
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Most favored nations clause means any written or unwritten agreement between a Health Care Provider and a Health Plan that allows the Health Plan to receive the benefit of a better payment rate, term or condition that the provider gives to another Health Plan.
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Most favored nations clause. In the event that Keitx Xxxporation enters into an agreement with a third party granting a licensee comparable business terms to the license granted to Watsxx xxxein but containing royalty terms more favorable to the third party than those contained herein, the Keitx Xxxporation shall notify Watsxx xx such grant and such more favorable royalty terms and Watsxx xxxll have the right to elect to replace the royalty terms contained herein with such more favorable royalty terms.
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Examples of Most favored nations clause in a sentence

  • Nonbinding price recommendations and preset maximum resale prices however are permissible.• Most favored nations clause to the detriment of the customer are always deemed illegal.

  • Most favored nations clause does not apply to one-off special pricing.) Ordering from GSA Schedule 70 (additional detail) The following information is provided to clarify the ordering instructions, particularly in instances when less than three quotes are available from cooperative purchasing contractors under the General Services Administration GSA Schedule 70.


More Definitions of Most favored nations clause

Most favored nations clause. ("MFN") means any written or unwritten agreement between a Health Care Provider and a Health Plan that prevents the Health Care Provider from offering a lower reimbursement rate, or preferable term or condition to another third-party payor than the Health Care Provider provides to that Health Plan.
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Most favored nations clause means any written or unwritten term, agreement, or practice between a Health Care Provider and a Payor that allows the Payor to receive the benefit
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Most favored nations clause or "MFN"). To implement this Paragraph, Sulzer will provide undersigned counsel with a copy of all settlement agreements, if any, it may enter into with third party payors. The amounts paid by Sulzer to any third-party payor as a result of any judgment rendered against Sulzer and/or an opt-out, shall not trigger the MFN provisions under this Paragraph.
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