Any discrepancies or differences in the translation are not binding and have no legal effect for any purpose. If you have any questions about the accuracy of the information contained in the translation, please refer to the English version of the agreement. Do you want to add words, phrases or translations? Taketake agreements can also provide an advantage to buyers and serve as a means of securing goods at a specified price. This means that prices for the buyer will be set before the start of production. This can be used as a hedge against future price changes, especially when a product becomes popular or a resource becomes scarcer, so that demand outstrips supply. It also guarantees that the requested assets will be delivered: the execution of the order is considered an obligation of the seller in accordance with the terms of the taketake contract. Taketake agreements also contain standard clauses that contain remedies – including penalties – that each party has in the event of a violation of one or more clauses. Taketake agreements are often used in the development of natural resources, where the cost of capital for resource extraction is high and the company wants to be guaranteed that part of its product will be sold. Taketake agreements are generally used to help the distributor acquire financing for future construction, expansion or new equipment projects, promising future revenues and demonstrating existing demand for goods. Most agreements contain force majeure clauses. These clauses allow the buyer or seller to terminate the contract if certain events occur outside the control of one of the parties and when one of the other parties encounters unnecessary difficulties.
How can I resume my translations in the vocabulary coach? He sells and buys plant-shaped products, with a focus on low-volume products such as blue poppies, mouteuse, caraways (annual and every two years) and plants other than maize. Employment contracts, service contracts, purchase and sale contracts The decision was taken on the condition that Deutsche Bahn concludes, until 11 December 2010, a sales contract covering all of Arriva Germany`s rail and bus operations with an appropriate buyer. The implementation of the sale is subject to the agreement of the European Commission of the selected buyer and the approval of the transaction, which relates to the cartel.