4 ms·
who makes up these clause names? are these procedurally generated by a professor at Stanford who masquerades it as an industry term during the latest semester?
by vmception 5y ago
who makes up these clause names?
are these procedurally generated by a professor at Stanford who masquerades it as an industry term during the latest semester?
the show Silicon Valley has a few jokes about that
- jandrewrogers 5y agoMFN, at least, is a standard and common term-of-art in contracts and can apply to all kinds of things where a party wants to guarantee that no one else gets a better deal.
- vmception 5y ago> is a standard and common term-of-art in contracts the reason this isn't exactly helpful is because everyone says that about everything contract related. thats the user experience of being presented a contract whether it is true or not. got a list? is there a document on clause etymology?
- Turing_Machine 5y agoI'm pretty sure that the "most favored nation" term goes back to international tariffs. Among the nations your nation trades with, some are your "customs buddies" (not a real term :-)), for whatever reason -- there's a lot of reciprocal trade, you're allies in war, the other nation is scary enough to shake you down... Those nations get lower customs rates. The nations that get the best rates are the "most favored nations". When countries negotiate new trade agreements, a common demand is for "most favored nation status", i.e., that you won't charge them any more than the lowest rate you charge the "most favored" country.
- vmception 5y agois there a list or document on clause etymology? its not really about just the MFN explanation anymore, thanks for the one potential synopsis on that particular concept