Exchange of goods between two parties under two distinct contracts expressed in monetary terms.
An agreement between two persons or companies to buy goods or services from each other, usually at different times. For example, Company A may buy goods from Company B in March, and then sell different goods to Company B in April. Counterpurchases are made for the mutual benefit of both companies.
He says one effort that worked well occurred last year, when GMDC partnered with the National Grocers Association to present a webinar to address how the Patient Protection and Affordable Care Act will change Flexible Spending Accounts and over the counter purchase eligibility.