Definitions
There is 1 meaning of the phrase
Requirements Contract.
Requirements Contract - as a noun
A contract in which you agree to purchase all your requirements of a particular sort from one party
Example Sentences
"A requirements contract is a contract that specifies all the details and obligations for the supply of goods or services."
"Under a requirements contract, the buyer agrees to purchase all its needed goods exclusively from the seller."
"The requirements contract ensures a steady supply of materials for the manufacturing process."
"The company entered into a requirements contract with a supplier to ensure timely delivery of components."
"A requirements contract may include provisions for price adjustments based on market fluctuations."
