QUANTITY BASIS OF CONTRACT – NO GUARANTEED QUANTITIES Sample Clauses
The "Quantity Basis of Contract – No Guaranteed Quantities" clause establishes that the contract does not commit to purchasing or supplying a specific minimum or maximum quantity of goods or services. In practice, this means that the buyer is not obligated to order a set amount, and the seller should not expect guaranteed sales volumes; orders will be placed as needed, and actual quantities may vary. This clause primarily serves to protect the buyer from being contractually bound to purchase more than required, thereby providing flexibility and reducing the risk of overcommitment.
QUANTITY BASIS OF CONTRACT – NO GUARANTEED QUANTITIES. The contract established has no guarantee of any specific quantity and the State is obligated only to buy that quantity which is needed by its agencies.