Supply Agreements

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August 25, 2024 3 min read Definitions
Take-or-Pay: An Agreement to Purchase or Pay
Economics Finance Contracts Risk Management Fixed Pricing Supply Agreements Legal Terms
A take-or-pay agreement is a contractual arrangement in which a buyer agrees to purchase a specified quantity of goods over a defined period or compensate the seller for any shortfall. This mechanism balances risks for both the buyer and the seller.
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