Joint purchases definition
Joint purchases means purchases made by a parent or holding company or affiliate thereof for use by one or more affiliates, the fully allocated costs of which are allocated to be paid proportionally by the affiliates, based upon utilization.
Examples of Joint purchases in a sentence
Joint purchases of equipment or apparatus that occur during this agreement shall require a separate agreement detailing the contribution by each municipality and methods to resolve ownership in the event of dissolution of this agreement.
Joint purchases will either be split, or one of you might have to pay the other back for the amount he or she put in.