What does basic ordering agreement mean?

basic ordering agreement meaning in Law Dictionary

agreement between customer and vendor. It lists the terms for period, rates, and unique instructions.

basic ordering agreement meaning in Business Dictionary

penned agreement (definitely not constituting a binding contract) between a buyer and a seller, laying down the terms appropriate to procurement of 1 or even more called products for a stated period. It includes detail by detail requirements from the items or solutions to be furnished, and affirms their particular agreed upon rates (or even the formula or technique found in cost dedication).