Contracts that require a buyer to purchase all or part of their needs for a product from a particular seller for a period of time are called

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Contracts that require a buyer to purchase all or part of their needs from a particular seller for a period of time are called requirement contracts. This type of contract is often used in long-term agreements between suppliers and buyers, and it ensures a steady source of business for the supplier.

Contracts That Require a Buyer to Purchase All or Part