Agreement between a buyer and seller in which the buyer will still pay some amount even if the product or service is not provided.
Related information about take-or-pay contract:
- Take-or-pay contract - Wikipedia, the free encyclopedia
A take-or-pay contract is a rule structuring negotiations between companies and their suppliers. With this kind of contract, the company either takes the product ...
- What is take-or-pay contract? definition and meaning
Definition of take-or-pay contract: Agreement between a buyer and seller in which the buyer will still pay some amount even if the product or service is not ...
- Take or Pay Definition | Investopedia
This is used in some contracts as a method to ensure that the transaction occurs. For example, a Banana farmer will enter into a take or pay contract with a fruit ...
- What is take or pay contract? definition and meaning
Definition of take or pay contract: Buyer-seller agreement where (unlike in a take and pay contract) the buyer's obligation to pay is unconditional whether or not ...
- What Is a Take-or-Pay Contract?
A take-or-pay contract is a written agreement between a buyer and seller that require the buyer to pay regardless of whether the...
- Take-or-Pay Contract - Financial Dictionary - The Free Dictionary
An agreement between two parties where one agrees to either buy certain goods or services from the other on a certain date or to pay for them even if that party ...
- Force Majeure and Take or Pay Contracts for Power Stations: The ...
2 days ago ... This article considers what reliance a Buyer can place on the typical Force Majeure provision to be found in a take or pay contract and its likely ...
- Take-Or-Pay Contract: Definition from Answers.com
agreement between a buyer and a seller that obligates the buyer to pay a minimum amount of money for a product or a service, even if the product or service.