Off Take Agreement Template. Offtake agreements may take a long time to set up An offtake agreement is an arrangement between a producer and a buyer to purchase or sell portions of the producer's upcoming goods.
For mining companies that want to move forward quickly with project development, spending that time can be a hindrance. Offtake agreements can also be complicated and can take a long time to set up. Investopedia defines offtake agreements as contracts between the producers of a resource, in the case of project financing the producer is the project company, and a buyer of the resource, who is known as the offtaker, to sell and purchase all or substantially all of the future production from the project.
