Output Contract
/ˈaʊtˌpʊt ˈkɒntrækt/
Definitions
- (n.) A contract obligating a seller to sell all or a specified portion of its production to a single buyer.
The factory entered into an output contract to supply all its manufactured goods to the retailer.
Forms
- output contract
- output contracts
Related terms
See also
Commentary
Output contracts are used in supply chain contexts to stabilize buyer-seller relations, often limiting the seller from selling to others during the contract term.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.