Examlex
Which of the following statements is true of multichannel marketing?
Requirements Contract
An agreement in which one party agrees to purchase all of his or her requirements of a particular product from another party. See also output contract.
Output Contract
An agreement in which a seller agrees to sell “all the goods we manufacture” or “all the crops we produce” to a particular buyer. See also requirements contract.
Valid Contract
A contract that is legally binding and fully enforceable by the court.
Future Goods
Goods that are not yet in existence or under the control of people; they include fish in the sea, minerals in the ground, goods not yet manufactured, and commodities futures.
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