Definition and Citations:
1. Agreement where the vendor allows the buyer to purchase goods and services at a set price for a set period of time. 2. Irrevocable offer renewed automatically after a closing date or every 30 days.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
1. Agreement where the vendor allows the buyer to purchase goods and services at a set price for a set period of time. 2. Irrevocable offer renewed automatically after a closing date or every 30 days.