oboloo

oboloo Glossary

Purchase Order Legally Binding

oboloo Glossary

Purchase Order Legally Binding

A Purchase Order is a legally binding document that is issued by a buyer to a seller, indicating the type, quantity, and agreed-upon price for products or services that the seller will provide to the buyer. This document serves as a contract between the two parties and is legally binding, meaning that both parties are obligated to fulfill the terms of the purchase order. It is important to note that the purchase order is not the same as an invoice, as an invoice is sent after the products or services have been delivered, and is used to request payment from the buyer. The purchase order, on the other hand, is sent before the products or services are delivered, and is used to specify the details of the transaction.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971