Most Favored Nation (MFN) Right (SAFE)

A general term that means that a party will be entitled to at least as favorable terms offered to a third party in a particular type of transaction. In the context of SAFEs, it means the Investors are entitled to the lowest price per share at which Preferred Stock is issued to new Investors and gets the benefit of any more favorable terms given to any holders of SAFEs or other convertible securities subsequently issued by the Company.