Meet-or-release Contract

	Meet-or-release Contract Meet-or-release contracts are contracts that include "meet or release" competition clause In language, a clause is a constituent that comprises a semantic predicand (expressed or not) and a semantic predicate. A typical clause consists of a subject and a syntactic predicate, the latter typically a verb phrase composed of a verb wit ...s. It is where a company agrees with a ustomerto sell a product at a certain given price. If, by any chance the customer finds a cheaper purchase the company must place their product at an equal or lesser value. The customer then has the option to be released from the contract only after giving the original company the opportunity to meet (or exceed) the less expensive offer. In some circumstances, exercising this clause's options may not be possible because the ustomerwould have to disclose a ompetitor'sconfidential offer in order to allow another company the opportunity to match the offer. References Contract clauses {{law-term-st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
picture info	Contract Law A contract is a legally enforceable agreement between two or more parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfer of goods, services, money, or a promise to transfer any of those at a future date. In the event of a breach of contract, the injured party may seek judicial remedies such as damages or rescission. Contract law, the field of the law of obligations concerned with contracts, is based on the principle that agreements must be honoured. Contract law, like other areas of private law, varies between jurisdictions. The various systems of contract law can broadly be split between common law jurisdictions, civil law jurisdictions, and mixed law jurisdictions which combine elements of both common and civil law. Common law jurisdictions typically require contracts to include consideration in order to be valid, whereas civil and most mixed law jurisdictions solely require a meeting of the min ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
picture info	Competition Competition is a rivalry where two or more parties strive for a common goal which cannot be shared: where one's gain is the other's loss (an example of which is a zero-sum game). Competition can arise between entities such as organisms, individuals, economic and social groups, etc. The rivalry can be over attainment of any exclusive goal, including recognition: Competition occurs in nature, between living organisms which co-exist in the same environment. Animals compete over water supplies, food, mates, and other biological resources. Humans usually compete for food and mates, though when these needs are met deep rivalries often arise over the pursuit of wealth, power, prestige, and fame when in a static, repetitive, or unchanging environment. Competition is a major tenet of market economies and business, often associated with business competition as companies are in competition with at least one other firm over the same group of customers. Competition inside a company is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
picture info	Clause In language, a clause is a constituent that comprises a semantic predicand (expressed or not) and a semantic predicate. A typical clause consists of a subject and a syntactic predicate, the latter typically a verb phrase composed of a verb with any objects and other modifiers. However, the subject is sometimes unvoiced if it is retrievable from context, especially in null-subject language but also in other languages, including English instances of the imperative mood. A complete simple sentence includes a single clause with a finite verb. Complex sentences contain multiple clauses including at least one '' independent clause'' (meaning, a clause that can stand alone as a simple sentence) coordinated either with at least one dependent clause (also called an embedded clause) or with one or more independent clauses. Two major distinctions A primary division for the discussion of clauses is the distinction between independent clauses and dependent clauses. An independent clau ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]