Examlex
What is a supply chain? How can supply chain management create competitive advantage?
Output Contracts
Agreements in which a seller agrees to sell all the output of a certain product to a particular buyer.
Requirements Contracts
Contracts where one party agrees to purchase all of its needs for a particular commodity from the other party for a certain period.
Common Law
A body of laws based on judicial decisions and customs, rather than statutory laws passed by a legislature.
Adequate Consideration
A fair and reasonable value exchanged in a contract, ensuring that all parties receive something of value.
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