Off-take Contract

An off-take contract is a type of commercial contract that regulates transactions for the sale of goods or raw materials that have not yet been produced.

It is concluded between the manufacturer or supplier of goods/materials on the one hand and its buyer (offtaker) on the other.

An off-take contract is essentially an agreement to finance the production of a product. It often includes a take-or-pay obligation, which stipulates that the buyer undertakes to pay for the produced batch of goods / raw materials if, for any reason, refuses to buy it.

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