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VALUE CONTRACT. >>A value contract is a legal agreement with a customer that contains the materials and services that the customer receives within a specified time period, and for a value up to a specified target value. A value contract can contain certain materials or a group of materials (product hierarchy, assortment module).
Hemera Technologies/Photos.com/Getty Images. A forward contract is an agreement between two parties --- the seller and the buyer --- for the delivery of a certain quality and quantity of a commodity at specified time and for a specified price.Farmers often use forward contracts as hedges against falling prices.f the average price of the commodity has fallen, the contract helps the seller. In forward contracts, whenever the price of the contracted commodity changes, one of the parties to the contract gains while the other loses. Appreciation benefits the buyer while depreciation benefits the seller.