A requirements contract is a contract in which a buyer agrees to purchase all of its requirements for an item from one seller.

Name: A requirements contract is a contract in which a buyer agrees to purchase all of its requirements for an item from one seller.
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A requirements contract is a type of contract where the buyer agrees to purchase all the goods or services needed from a single seller. This guarantees the seller a steady stream of revenue, while giving the buyer a reliable source of supply.

A Requirements Contract Is a Contract in Which a Buyer