A B C D E F G H I J K L M N O P Q R S T U V W Y Z

Tender

A offer or proposal to purchase a specified quantity of a commodity for a specified price. See tender proposal.

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Tender proposal

The term tender proposal is used in the procurement field to describe the response from potential suppliers to a request for proposal (RFP). There are three aspects to every tender proposal: company overview, response to specifications, and pricing. Tender proposals…

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Termination of contracts

Termination clauses in international contracts, specially agency and distribution contracts, usually involve rights under local legislation and it is best that a contract is revised by a local lawyer before signature, rather than after a relationship has ended and a…

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Terms and Conditions (TS & Cs)

The terms and conditions that detail the rules that apply to fulfilling a particular contract and that form an integral part of that contract. Buyers and sellers must agree the terms and conditions to form a contract. In international trade…

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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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