requirements contract

from Wiktionary, Creative Commons Attribution/Share-Alike License.

• noun law An agreement in which in which one party agrees to supply as much of a good or service as is required by the other party, and in exchange the other party expressly or implicitly promises that it will obtain its goods or services exclusively from the first party.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

• noun a contract in which you agree to purchase all your requirements of a particular sort from one party