entire output contract

entire output contract
Promise to deliver one's entire output (i.e. production) to the other. If no other detriment can be located, it will be found in the promisor's having surrendered his privilege of selling elsewhere. Such agreements are governed by U.C.C. No. 2-306

Black's law dictionary. . 1990.

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  • entire output contract — Promise to deliver one s entire output (i.e. production) to the other. If no other detriment can be located, it will be found in the promisor s having surrendered his privilege of selling elsewhere. Such agreements are governed by U.C.C. No. 2… …   Black's law dictionary

  • output contract — A contract in which one party agrees to sell his entire output and the other agrees to buy it; it is not illusory, though it may be indefinite. Such agreements are governed by U.C.C. No. 2 306. See also requirements contract. contract entire… …   Black's law dictionary

  • output contract — A contract in which one party agrees to sell his entire output and the other agrees to buy it; it is not illusory, though it may be indefinite. Such agreements are governed by U.C.C. No. 2 306. See also requirements contract. contract entire… …   Black's law dictionary

  • output contract — see contract Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. output contract …   Law dictionary

  • Output contract — Contract law Part …   Wikipedia

  • output contract — noun a contract in which you promise to deliver your entire output to the other party who promises to accept it • Hypernyms: ↑contract …   Useful english dictionary

  • output contract —    An agreement in which a producer agrees to sell its entire production to a buyer, who in turn agrees to purchase the entire output such as might exist between a farmer and a supermarket chain …   Business law dictionary

  • contract — An agreement between two or more persons which creates an obligation to do or not to do a particular thing. As defined in Restatement, Second, Contracts No. 3: A contract is a promise or a set of promises for the breach of which the law gives a… …   Black's law dictionary

  • contract — An agreement between two or more persons which creates an obligation to do or not to do a particular thing. As defined in Restatement, Second, Contracts No. 3: A contract is a promise or a set of promises for the breach of which the law gives a… …   Black's law dictionary

  • contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …   Law dictionary

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