Vocab Bloom Hub

requirements contract

/rɪˈkwaɪərmənts ˈkɒntrækt/

1 entry

phrase

/rɪˈkwaɪərmənts ˈkɒntrækt/C1formallegal
  • ruТип контракта, при котором покупатель соглашается приобретать все необходимые ему товары или услуги исключительно у определённого продавца в течение указанного периода, а продавец обязуется удовлетворять эти потребности по мере их возникновения.

A type of contract in which a buyer agrees to purchase all of their needed goods or services exclusively from a particular seller for a specified period, and the seller agrees to meet those needs as they arise.

  1. Purchase agreementC1formal

    A contract in which a buyer agrees to purchase all of a specific product or service they need from a single seller, and the seller agrees to supply those needs.

    ruДоговор о полном обеспечении потребностей

    • The manufacturer signed a requirements contract for all its raw materials.
    • Under a requirements contract, the buyer cannot purchase from other suppliers.
    • The court upheld the validity of the requirements contract.