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Term Terr

Terms of sale

This expression refers to the price quotation for a specific product. It states the price for the product as a specified delivery location, sets the time of shipment and specifies payment terms. The responsibilities of the buyer and the seller…

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Territory

In commercial usage, an area in which a party operates, such as a “sales territory”. A territory´s size and the degree of exclusivity are often important commercial consideration in international trade specially in distribution agreements. See also exclusive distribution.

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