Definite Quantity Contract Law and Legal Definition

A ‘definite quantity contract’ refers to a contract related to purchase of goods. A party may contract with another to deliver specific goods for a specific period of time. Such an obligation shall be fulfilled upon delivery of the goods at places designated in the contract. Definite quantity contracts will be much useful when it can be determined in advance that a definite quantity supply of goods or services may be required for a particular period and that the supplies or services are regularly available or will be available after a short lead-time.