fixed price contract

A contract in which the buyer agrees to pay the seller a definite and predetermined price regardless of increases in the seller’s cost or the buyer’s ability to acquire the same goods in the market at a lower price. [Cases: Sales 77. C.J.S. Sales §§ 26, 96–98.]

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词条贡献者

译员Jerry，知名法学院知识产权法，专注翻译各种与版权与商标诉讼有关的法律文件。