Most favored nation

{
  "id": "MLC-T-LAW-003307",
  "term": "Most favored nation",
  "field": "Law",
  "definition": "A clause in a contract or treaty requiring one party to provide the other party with any advantages, concessions, or immunities that it grants to a third party. In commercial agreements, this provision guarantees that a party receives terms at least as favorable as those offered to any other entity. The World Trade Organization (WTO) agreements require member countries to grant most-favored-nation status to all other members regarding trade in goods and services.",
  "url": "https://mlchart.com/terminology/law/most-favored-nation/"
}