TERMIUM Plus®

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meet-or-release clause [1 record]

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Record 1 1994-06-14

English

Subject field(s)
  • Law of Contracts (common law)
OBS

In some contracts, a meet-or-release clause gives the option to meet a lower price offered to a customer or to release the customer to purchase from the other supplier.

French

Domaine(s)
  • Droit des contrats (common law)
OBS

La clause de l'offre concurrente permet soit à l'acquéreur de demander à son fournisseur d'aligner ses prix sur ceux d'un concurrent, soit au fournisseur d'augmenter ses prix pour suivre la hausse pratiquée par des concurrents ou répercuter une offre d'achat plus intéressante qui lui aurait été adressée.

Spanish

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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