output contract

output contract
output contract see contract

Merriam-Webster’s Dictionary of Law. . 1996.

output contract
An agreement in which a seller agrees to sell its entire production to the buyer, who in turn agrees to purchase the entire output.
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Nolo’s Plain-English Law Dictionary. . 2009.


output contract
In the law of sales, an agreement in which one party assents to sell his or her total production to another party, who agrees to purchase it.

Dictionary from West's Encyclopedia of American Law. 2005.


output contract
In the law of sales, an agreement in which one party assents to sell his or her total production to another party, who agrees to purchase it.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

output contract
n.
   an agreement in which a producer agrees to sell its entire production to the buyer, who in turn agrees to purchase the entire output, whatever that is. Example: an almond grower has a "home" for his output, and the packer of nuts is happy to have a sure-fire supply, even though it may have to store away a glut.

Law dictionary. . 2013.

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Look at other dictionaries:

  • Output contract — Contract law Part …   Wikipedia

  • output contract — A contract in which one party agrees to sell his entire output and the other agrees to buy it; it is not illusory, though it may be indefinite. Such agreements are governed by U.C.C. No. 2 306. See also requirements contract. contract entire… …   Black's law dictionary

  • output contract — A contract in which one party agrees to sell his entire output and the other agrees to buy it; it is not illusory, though it may be indefinite. Such agreements are governed by U.C.C. No. 2 306. See also requirements contract. contract entire… …   Black's law dictionary

  • output contract — noun a contract in which you promise to deliver your entire output to the other party who promises to accept it • Hypernyms: ↑contract …   Useful english dictionary

  • output contract —    An agreement in which a producer agrees to sell its entire production to a buyer, who in turn agrees to purchase the entire output such as might exist between a farmer and a supermarket chain …   Business law dictionary

  • contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …   Law dictionary

  • output — I noun accomplishment, achievement, amount produced, avail, benefit, creation, crop, discharge, earnings, effectuation, emanation, end, end product, fruit, gain, harvest, issuance, issue, manufactured product, merchandise, outcome, proceeds,… …   Law dictionary

  • entire output contract — Promise to deliver one s entire output (i.e. production) to the other. If no other detriment can be located, it will be found in the promisor s having surrendered his privilege of selling elsewhere. Such agreements are governed by U.C.C. No. 2… …   Black's law dictionary

  • entire output contract — Promise to deliver one s entire output (i.e. production) to the other. If no other detriment can be located, it will be found in the promisor s having surrendered his privilege of selling elsewhere. Such agreements are governed by U.C.C. No. 2… …   Black's law dictionary

  • contract — An agreement between two or more persons which creates an obligation to do or not to do a particular thing. As defined in Restatement, Second, Contracts No. 3: A contract is a promise or a set of promises for the breach of which the law gives a… …   Black's law dictionary

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