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  2. Take-or-pay contract - Wikipedia

    en.wikipedia.org/wiki/Take-or-pay_contract

    A take-or-pay contract, or a take-or-pay clause within a contract, is a payment obligation agreed between a business customer and its supplier. With this kind of contract, the customer either takes the product from the supplier or pays the supplier a penalty. For any product the company takes, it agrees to pay the supplier a certain price, say ...

  3. List of multilateral free trade agreements - Wikipedia

    en.wikipedia.org/wiki/List_of_multilateral_free...

    GUAM Organization for Democracy and Economic Development (GUAM) FTA [11] [12] - unclear application, the WTO was notified in only 2017 - multilateral free trade regime among 4 countries (International Trade Centre says there is no free trade area in operation with distinct rules from an Agreement on Creation of CIS Free Trade Area, was signed ...

  4. Contract - Wikipedia

    en.wikipedia.org/wiki/Contract

    Contract theory is a large body of legal theory that addresses normative and conceptual questions in contract law. One of the most important questions asked in contract theory is why contracts are enforced. One prominent answer to this question focuses on the economic benefits of enforcing bargains.

  5. Service-level agreement - Wikipedia

    en.wikipedia.org/wiki/Service-level_agreement

    A service-level agreement is an agreement between two or more parties, where one is the customer and the others are service providers. This can be a legally binding formal or an informal "contract" (for example, internal department relationships). The agreement may involve separate organizations or different teams within one organization.

  6. Memorandum of understanding - Wikipedia

    en.wikipedia.org/wiki/Memorandum_of_understanding

    In business, an MoU is typically a legally non-binding agreement between two (or more) parties, outlining terms and details of a mutual understanding or agreement, noting each party's requirements and responsibilities—but without establishing a formal, legally enforceable contract (though an MoU is often a first step towards the development of a formal contract).

  7. Publishing contract - Wikipedia

    en.wikipedia.org/wiki/Publishing_contract

    [3] [4] In the U.K., the Contracts Act of 1999, the Digital Economy Act 2010, and the Enterprise and Regulatory Reform Act of 2013 opened the door to revisions of the established practices in the area of publishing contracts which are currently underway. [5] The key to a good contract is clarity.

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