An agreement of a seller to supply a buyer with all of the buyer's requirements for certain goods is known as a requirements contract.
A seller is a person or entity that sells products, services, or financial assets. Shorting means borrowing a security you don't own, selling it, and buying it back at a lower price. An option seller is called a "writer" who collects a premium from the buyer.
A buyer is a person who purchases or agrees to purchase an item. Since a sale is a bilateral contract, the buyer is a party to the contract. The law defines a seller in section 2(13). A seller is a person who sells or agrees to sell goods.
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