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LSDefine

Simple English definitions for legal terms

entire-output contract

Read a random definition: Statute of Anne

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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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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