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LSDefine

Simple English definitions for legal terms

entire-output contract

Read a random definition: behavioral science

A quick definition of entire-output contract:

An entire-output contract is a type of agreement between two or more parties that creates obligations that can be enforced by law. It is a contract where one party agrees to buy all of the goods or services produced by the other party. This means that the seller is obligated to sell everything they produce to the buyer, and the buyer is obligated to purchase everything that is produced. It is important to note that a contract can refer to both the agreement between the parties and the physical document that outlines the terms of the agreement. However, the legal relations resulting from the agreement are what make up the contract.

A more thorough explanation:

An entire-output contract is a type of contract where a buyer agrees to purchase all of a seller's output of a particular product or service. This means that the seller is obligated to sell everything they produce to the buyer, and the buyer is obligated to purchase everything the seller produces.

For example, a farmer may enter into an entire-output contract with a grocery store chain to sell all of their apples. The farmer is obligated to sell all of their apples to the grocery store chain, and the grocery store chain is obligated to purchase all of the apples the farmer produces.

This type of contract can provide security for both parties, as the seller knows they have a guaranteed buyer for their entire output, and the buyer knows they will receive a consistent supply of the product or service they need.

entire interest | entire tenancy

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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