An offtake agreement is a legally binding contract between a buyer and seller. It can take the form of a purchase agreement for the buyer or a service contract for the seller. The … See more

Most offtake agreements include force majeure clauses. A force majeure clause removes liability from one or both parties in a contract if there is a serious, unforeseeab… See more

The following are some of the most common types of offtake agreements used by producers and buyers: 1. Hedging: This type of offtake agreement provides the seller or pr… See more

Offtake agreements provide a guaranteed market and source of revenue for a company's product. But that isn't the only benefit. They also allow the producer or seller to gu… See more

Companies may find it difficult to secure financing for their projects, especially if they are capital-intensive and don't have a manufacturing facility in place. Offtake agreement… See more