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2. Take-or-pay contract - Wikipedia

   en.wikipedia.org/wiki/Take-or-pay_contract

   A take-or-pay contract, or a take-or-pay clause within a contract, is a payment obligation agreed between companies and their suppliers or customers. With this kind of contract, the company/customer either takes the product from the supplier or pays the supplier a penalty. For any product the company takes, it agrees to pay the supplier a ...

3. Irrevocable fee protection agreement - Wikipedia

   en.wikipedia.org/wiki/Irrevocable_fee_protection...

   It is an irrevocable and binding legal agreement between a buyer, a seller and a business broker. In an IFPA, the objective is to reach a private agreement for the placement or purchase of a commodity or other piece of merchandise that has been clearly identified and negotiated in bulk. The buyer or seller offers a private business broker a fee ...

4. Contract - Wikipedia

   en.wikipedia.org/wiki/Contract

   A bilateral contract is an agreement in which each of the parties to the contract makes a promise or set of promises to each other. [32] For example, in a contract for the sale of a home, the buyer promises to pay the seller $200,000 in exchange for the seller's promise to deliver title to the property.

5. Retainer agreement - Wikipedia

   en.wikipedia.org/wiki/Retainer_agreement

   A retainer agreement is a work-for-hire contract. It falls between a one-off contract and permanent employment, which may be full-time or part-time. [1] Its distinguishing feature is that the client or customer pays in advance for professional work to be specified later. The purpose of a retainer fee is to ensure that the employed reserves time ...

6. Merchant cash advance - Wikipedia

   en.wikipedia.org/wiki/Merchant_cash_advance

   The term Merchant Cash Advance is commonly used to describe a variety of small business financing options characterized by purchasing future sales revenue in exchange for short payment terms (generally under 24 months) and small regular payments (typically paid each business day) as opposed to the larger monthly payments and longer payment ...

7. MyPillow CEO Mike Lindell sues a merchant cash advance ... - AOL

   www.aol.com/finance/mypillow-ceo-mike-lindell...

   According to the agreement, MyPillow would have had to make 50 daily payments of just over $45,000, which would have amounted to a total of $2.3 million, according to the suit.