Existing Customer Status Clause Samples

The Existing Customer Status clause defines whether a party to the agreement is already a customer of the other party at the time the contract is executed. In practice, this clause may specify criteria for determining existing customer status, such as referencing prior transactions, ongoing service agreements, or account records. Its core function is to clarify eligibility for certain terms, discounts, or obligations that may differ for new versus existing customers, thereby preventing disputes and ensuring both parties understand their respective rights and responsibilities.