Let's say you are still developing a product and a retailer/distributor agrees to but a certain quantity from you once the product is ready to ship. Of course, the retailer/distributor also demands that the product meet certain specifications.
What is this type of agreement called?
I'm developing a technical product and, pretty much, the only way to fund this venture is if I get these sort of agreements and then show them to potential investors to get even more funding. I'd basically be crowdsourcing with retailers and distributors rather than individuals.
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