Sentence examples for a requirements contract from inspiring English sources

The phrase "a requirements contract" is correct and usable in written English.
It is typically used in legal and business contexts to refer to a type of contract where a buyer agrees to purchase all of their requirements for a particular good or service from a seller.
Example: "The company entered into a requirements contract with the supplier to ensure a steady supply of materials for production."
Alternatives: "a supply agreement" or "a demand contract".

Exact(2)

Suppose that the party with discretion is the buyer, as in a requirements contract.

The court ruled that a requirements contract for the delivery of electricity was a protected "forward contract" under the bankruptcy code.

Similar(58)

§ 983.206 Statutory notice requirements: Contract termination or expiration.

We investigate four cases: two contracts (a two-part nonlinear contract and a collection effort requirement contract), each under complete information and asymmetric information.

While there was a time when full output and requirements contracts did not fare well on this ground, nowadays their validity is rarely challenged with success.

After completing all Air Force ROTC and academic degree requirements, contracted cadets accept a commission as second lieutenants in the Air Force.

"Requirements contracts" of the kind the plaintiff contends was present here are explicitly recognized as valid by the Code in G.L.c.

Moreover, dealing with rail authorities around the world meant copious legal requirements, contracts running hundreds of pages long and daunting technical challenges, given widely varying train computer systems.

In December, for example, AW completed a £42.5m "urgent operational requirement" contract for the Ministry of Defence (MoD) to upgrade six of the Air Force's Merlin helicopters, just back from Iraq, for service in Afghanistan.

And since the city does not allow bamboo scaffolding - and currently does not offer the test in Chinese - Mr. Lin found himself in a new class with about 20 other Chinese immigrants one recent Saturday preparing for the city-administered test for a home improvement contractor license, a requirement for contracting with a homeowner to do work like repairs, renovations and remodeling.

And no teacher can be forced to supervise weekend detentions unless there is such a requirement in their contract.

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