Rhode Island Natural Gas Sales Contract Conditioned on Federal Entergy Regulatory Commission Action
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Description
A gas sales agreement is a contract between a seller and buyer that documents and affirms the sale and purchase of quality natural gas. Under the agreement, the seller agrees to relinquish and deliver natural gas to the buyer for a certain, pre-determined price. In exchange, the seller agrees to pay the agreed-upon cost by a certain date. Most of the time, a single gas sales agreement covers multiple transactions between the two parties. This practice helps make the business relationship between the two parties easy and convenient.
