Definitions for "term contract"
a binding agreement between purchaser and seller to buy and sell certain commodities, printing, or services at certain prices and under stipulated terms and conditions
an agreement between Government Liquidation and a bidder for the sale of one particular commodity, at a specific location, over a predetermined period of time
a type of continuity contract, which has been adapted to suit situations where a continuous programmed of work is required on a particular site or within a certain defined area