Quantity Requirements Under UCC Art. 2: Let's Ensure Supply

In the business world, many companies enter into long-term contracts with respect to high volume, expensive, or essential transactions. A long-term contract is certainly beneficial for these types of transactions, but companies should also consider whether the long-term contract should contain a specific quantity for the products being purchased. This is because, under Article 2 of the Uniform Commercial Code ("UCC"), there is no enforceable sale of goods without a specified quantity set forth in the contract. Failure to agree to purchase or sell a specific quantity of goods could be problematic if assurance of supply is important for business.