tolling agreement
( plural )
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(business) An agreement by a toller with an owner of raw materials to process the raw material for a specified fee (toll
) into a product with the raw material and the product remaining the property of the provider of the raw material.
tolling agreement
Before production began, the company signed a tolling agreement that required the toller to process the client's raw materials into finished goods for a fixed fee while the client retained ownership of both the materials and the product.
Before production began, the company signed a tolling agreement that required the toller to process the client's raw materials into finished goods for a fixed fee while the client retained ownership of both the materials and the product.
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