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Output Contract

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In the law of sales, an agreement in which one party assents to sell his or her total production to another party, who agrees to purchase it.

This type of contract does not entail an illusory promise, a purported agreement that actually means nothing because it leaves to one party the choice of performance or nonperformance, even if the quantity of goods that are the subject of the contract is indefinite. It is also known as an entire output contract, and it is subject to the Uniform Commercial Code, a body of law adopted by the states that governs commercial transactions.

Cross-references

Requirements Contract.

output contract n. an agreement in which a producer agrees to sell its entire production to the buyer, who in turn agrees to purchase the entire output, whatever that is. Example: an almond grower has a "home" for his output, and the packer of nuts is happy to have a sure-fire supply, even though it may have to store away a glut.

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? References in periodicals archive
There are few opportunities in today's market to acquire power plants with a long-term output contract already in place," said David Eppler, Cleco's president and chief executive officer. Cleco Corporation To Acquire Mirant's Share of Louisiana Power Project by Business Wire Fitch IBCA will continue to monitor management's progress in funding the acquisition and negotiating output contracts. AES, National Power plc Affd By Fitch IBCA On DRAX Purchase by Business Wire More results

References in periodicals archive

There are few opportunities in today's market to acquire power plants with a long-term output contract already in place," said David Eppler, Cleco's president and chief executive officer.

Cleco Corporation To Acquire Mirant's Share of Louisiana Power Project by Business Wire

Fitch IBCA will continue to monitor management's progress in funding the acquisition and negotiating output contracts.

AES, National Power plc Affd By Fitch IBCA On DRAX Purchase by Business Wire

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Out-of-Court Settlement
out-of-pocket expenses
outbuilding
Outfit
Outhouses
Outlaw
Outlawry

Output Contract
Outrage
Outriders
Outstanding Warrant
over-charge
Overbreadth Doctrine
Overdraft
Overdraw

output

Output (economics)

Output (Hyper Logo command)

Output Acknowledge

Output and Performance Measure

output area

Output Backoff

Output based aid

Output Based Specification

output bound

Output budgeting

Output Buffer Full

Output Buffer Logic (Cisco)

Output Capacitor-Less (audio electronics)

Output Character (assembly language directive)

Output Check

Output Circuit Voltage

Output compare

Output Compare Any Flag

Output Compare Any Interrupt

Output Contract

Output Control Cell Counter

Output Control Polarity

Output Control Register

Output Control Transistor

Output Counter Control Register

Output coupler

Output Coupler (optics, lasers)

Output Data

Output Data Acknowledge

Output Data Line

Output Data Redundancy

Output Distribution Network

Output Driver Select

Output Edge Control

Output elasticity

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