Legal Definitions - blanket contract

A blanket contract is a type of contract between two or more parties that creates enforceable obligations. It is called a "blanket" contract because it covers a range of goods or services, rather than a specific item or project.

For example, a company may enter into a blanket contract with a supplier to purchase all of their office supplies for the year. This means that the company can order as many pens, paper, and other supplies as they need, up to a certain limit, without having to negotiate a new contract each time.

Another example of a blanket contract is a retainer agreement between a lawyer and a client. The client pays a set fee upfront, and the lawyer agrees to provide legal services as needed throughout the year.

Blanket contracts can be beneficial for both parties because they provide a level of predictability and stability. The parties know what to expect from each other and can plan accordingly.