Define Purchase Agreements. Purchase Agreements synonyms, Purchase Agreements pronunciation, Purchase Agreements translation, English dictionary definition of Purchase Agreements. Noun 1. purchase agreement - a contract stating the terms of a purchase pu
Definition A commitment to purchase a specific number of items in the future at a fixed price. If the agreement is noncancelable, the company must report a loss when the current cost of the items falls below the contracted price. Related Q&A ...
Purchase and sale agreement definition is a legal contract that creates an obligation for the buyer to buy a product or a service and for the seller to sell it. 3 min read Purchase and sale agreement definition is a type of legal contract that creates an obligation for the purchaser to ...
Is a purchase order mandatory? Though a purchase order isn’t mandatory, it is strongly recommended (especially for business-to-business sales of raw materials). It streamlines and organizes the ordering process, benefiting both parties who wish to do business together. A purchase order is a pr...
Define UK Purchase Agreement. means the purchase agreement for the purchase of the UK Assets and attached hereto as Exhibit I. "VirtualPlant Division" means that portion of the Seller's business which involves the development, marketing, license and sale
The Company has all requisite corporate power and authority to enter into this Agreement, the Warrant Agreement, the Trust Agreement, the Registration Rights Agreement, the Private Placement Units Purchase Agreement, the Forward Purchase Contract, the Services Agreement and the Business Combination Marketi...
The meaning of PURCHASE is to obtain by paying money or its equivalent : buy. How to use purchase in a sentence.
The original purchase agreement, signed in 2021, allowed Rodriguez and Lore to buy the teams over four years in four stages—20%, 20%, 40%, then 20%. Eben Novy-Williams, Sportico.com, 22 Oct. 2024 More car purchases also fuel a halo effect for affiliated industries, including parts supp...
In the case of an entity-purchase agreement, each owner must first consent to sell their interestin the business under a specified circumstance. If possible, insurance policies are then taken out on each of them, with the company acting as the beneficiary and paying all thepremiums. Should one...
Hire purchase buyers can return the goods, rendering the original agreement void as long as they have made the required minimum payments. However, purchasers suffer a huge loss on returned or repossessed goods, because they lose the amount they have paid towards the purchase up to that point.2...