Definitions for "take-or-pay contract"
Agreement between a buyer and seller in which the buyer will still pay some...
contract that obligates the purchaser to take any product that is offered to it (and pay the cash purchase price) or pay a specified amount if it refuses to take the product.
A contractual term whereby the buyer is unconditionally obligated to take any product or service that he is offered (and pay the corresponding purchase price), or to pay a specified amount if he refuses to take the product or service. Français: Contrat du type : "Prend-ou-paye" Español: Contrato firme de compra, contrato sin derecho de rescisión
A (long-term) contract between a gas producer and a gas purchaser, such as a pipeline transmission company.