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.
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).here, a contract for the value of $500,000 is made with the customer for. specific software product. You can also agree on the length of the contract for this type. The contract duration can be agreed at item level and can be different from the contract duration specified at header level.