Purchase Order Legal Definition

Summary

A purchase order (PO) is a legally binding document that specifies the details of a transaction between a buyer and a seller, including the type, quantity, and price of goods or services. An Irrevocable Corporate Purchase Order (ICPO) is primarily used in international trade to confirm a buyers intention to purchase goods and is also legally binding. The specific legal implications of these documents can vary based on jurisdiction, so its important to consider local laws and regulations.