Meet-or-release Contract

Meet-or-Release Contracts are contracts that include "meet or release" competition clauses wherein a company contracts with a customer to sell a product at a given price unless the customer can purchase the product cheaper elsewhere, in which event the customer may do so only after giving the company the opportunity to meet (or better) the cheaper offer. This clause may be unlawful as reinforcing a dominant position because the customer is forced to disclose a competitor's offer to allow another company the opportunity to match it.

Famous quotes containing the word contract:

    Any intelligent woman who reads the marriage contract and then goes into it, deserves all the consequences.
    Isadora Duncan (1878–1927)