Commercial agreements & supporting documents · Core

Purchase requisition

Also called: PR, purchase request

ELI5

An internal request seeking approval to buy goods or services.

Used in conversation

“Attach the latest purchase requisition to the decision pack before the meeting.”

Pitch context

You will see “Purchase requisition” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches commercial agreements & supporting documents.

Why it matters: In commercial agreements & supporting documents, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Connected terms

Sources & evidence · 5

Direct term-level sources and supporting source families.