take or pay contract

A contract requiring the buyer to either purchase and receive a minimum amount of a product (“take”) or pay for this minimum without taking immediate delivery (“pay”).

• These contracts are often used in the energy and oil-and-gas businesses. [Cases: Electricity 11(3); Gas 13(1).]

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词条贡献者

译者筠怡，毕业于法国顶尖的高级翻译学院，擅长翻译各种与产品责任与集体侵权诉讼相关的法律文件。