Meet or release provision

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meet or release provision

IAS 37 outlines the accounting for provisions (liabilities of uncertain timing or amount), together with contingent assets (possible assets) and contingent liabilities. A Standard Clause, referred to as a meet-or-release (MOR) clause, to be used in a requirements contract, giving the buyer the right to terminate the contract if the. Meet or Release. This Meet or Release clause shall become effective January 1, Should Buyer receive a written competitive offer from another party to.

meet or release provision

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meet or release provision