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Simple English definitions for legal terms

entire-output contract

Read a random definition: behoof

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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babycat
16:00
@shaquilleoatmeal: I’ll stop by just for you. I gotta grind out some of my last essays tn.
shaquilleoatmeal
16:02
@soyalmondoatmilk: im weak af, can't handle that spicy cashew lmao
shaquilleoatmeal
16:03
@babycat: 😘 see you in a bit, grind out those essays before you hop back on
shaquilleoatmeal
16:04
appreciate the non wink since you didn't appreciate it them then lol
babycat
16:06
I'll do it for you ;)
16:06
Tough to justify attending a law school where the admissions office does epic resistance political commentary at the info session
BulbasaurNoLikeCardio
16:07
making me feel jealous here wow, I am about to go taste test a bunch of deserts for our baby shower this weekend.
BulbasaurNoLikeCardio
16:07
@milktoast: what school got political at an info session?
shaquilleoatmeal
16:11
nothin to be jealous about, i've been trying to slide into babycats dms but shes got a long line I guess I gotta wait in to see if I can get in lmao
babycat
16:11
omg if you get into ASU they give you travel expense reimbursement to go there for a visit. does anyone know which other schools do this? I'd love to get a comped vacation
shaquilleoatmeal
16:12
think BU gives you $300 or somethin
ClassyPleasantHeron
16:12
Where is ASU getting this kind of $$$ from? They waive CAS fees too.
babycat
16:13
@shaquilleoatmeal: yeah but then you have to go to Boston :(
shaquilleoatmeal
16:14
uva too
shaquilleoatmeal
16:14
whats wrong w boston ;(
GOT PROMOTED YAY how do i tell law schools abt this?
like do i type up and separate doc and send as an attachment? how much do i write?
shaquilleoatmeal
16:15
@jackfrost11770: LFGGGG
TYYYYYY
shaquilleoatmeal
16:16
do any of your schools have updated sections in the portal? If so, i'd upload there, if not email. Small paragraph should do it id think
1a2b3c4d26z
16:16
Who wanna play some operation metro later on
1a2b3c4d26z
16:16
Congrats jack!
thank you!!
babycat
16:16
@jackfrost11770: personally I would submit an updated resume reflecting the new position instead of a paragraph but idk what SOP is
getting a bacon egg and cheese in celebration
1a2b3c4d26z
16:18
lfg baby you earned that
babycat
16:20
also congrats!! big win
initiallaw
16:23
congrats!!
:D
the big W is that i get reimbursed for travel now thank GOD
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