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.
What is an 'Implied Contract '. An implied contract is a legal substitute for a contract. An implied contract is an agreement created by actions of the parties involved, but it is not written or spoken. This is a contract assumed to have been drawn. In this case, there is no written record nor any actual verbal agreement. A form of an implied contract is an implied warranty provided automatically by law.