Economic Agreement, the main form of legal organisation of economic relations between production associations ( enterprises) which supply the products, and the purchasers of those products, as well as between production associations ( enterprises) , scientific, supply and sales organisations, trade and transport establishments. In the USSR, the economic agreement is an important instrument of planning, of the organisation of production, and of the supply and sales of products. It guarantees enterprises and organisations stable plan-regulated economic relations as they evolve and fulfil plans of producing and selling goods. The agreement makes it possible to dovetail the interests of both producers and purchasers with due account of the conditions of manufacture and consumption. The economic agreement specifies qualitative and quantitative indices of manufactures, and the terms of their production and sale on the basis of five-year and annual plan assignments. The agreement on the delivery of goods is the most common economic agreement. It gives the name, quantity and expanded range of items to be delivered, their price, the 97 volume of delivery (its value), the terms of delivery, special conditions of delivery, the procedure of settling accounts, tender for payments and purchases, the general term of operation of the given agreement, and other terms. Suppliers and purchasers alike are materially responsible for the fulfilment of economic agreements. With direct long-term economic ties between individual industrial associations ( enterprises) and also between them and material and technical supply organisations, and transport and trade enterprises and organisations, the agreement is concluded for a five-year term. Ministries and departments and the State Committee for Material and Technical Supply work out and approve lists of products for production and technical purposes, making the basis for agreements on their delivery. The delivery of products on the basis of the concluded agreements is an important criterion of the final results of production activity of associations and enterprises, and is taken into account in the system of economic incentives when the incentives funds are being formed, as well as when rewarding the managerial staff of associations and enterprises.
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