Common Contracts
1 similar Off-Take Agreement contracts
Mining offtake agreement sample form pdf freeOff-Take Agreement • May 4th, 2023
An offtake agreement (OT) is a long-term legal contract between two parties wherein the buyer undertakes to buy all or some portion of the manufacturer’s future production. It is usually entered upon before setting up the production unit so as to facilitate project financing. Such agreements are widely prevalent in mining, oil and gas exploration, and agriculture. You are free to use this image on your website, templates, etc, Please provide us with an attribution linkArticle Link to be HyperlinkedFor eg:Source: Offtake Agreement (wallstreetmojo.com) The main objective of the offtake agreement is to enable the producer to obtain easy finance and a guaranteed buyer for its future products. This type of agreement benefits both the buyer and the seller alike. While the seller has an assured market for its creation, at the same time the buyer enjoys protection against future price rises and supply shortages. There are different types of OT agreements based on the needs of the parties to co
