Togo President Faure Gnassingbe told a group of African leaders who met with Prime Minister Benjamin Netanyahu in New York on Thursday that African countries hesitant about strengthening ties with Israel should stop looking for excuses and work with Jerusalem to safeguard Africaâs interests.
Search Legal Terms and Definitions. requirements contract. n. a contract between a supplier (or manufacturer) and a buyer, in which the supplier agrees to sell all the particular products that the buyer needs, and the buyer agrees to purchase the goods exclusively from the supplier. A requirements contract differs from an an output contract, in which the buyer agrees to buy all the supplier produces.
Such contracts are typically 80 to 100 pages long and focus on five key types of terms: 1  Conditions, which must be satisfied before there is an obligation to complete the transaction. Conditions typically include matters such as regulatory approvals and the lack of any material adverse change in the target's business.