output contract

A contract in which a seller promises to supply and a buyer to buy all the goods or services that a seller produces during a specified period and at a set price.

• The quantity term is measured by the seller’s output. An output contract assures the seller of a market or outlet for the period of the contract.

— Also termed en-tire-output contract. Cf. requirements contract. [Cases: Sales 71(4). C.J.S. Sales §§ 178–180.]


专业法律词汇 词条贡献者
双语律师Peter,毕业于法国一流的高级翻译学院,擅长翻译涉及基础建设领域的法律文件。
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