What are goods that are not in existence at the time a contract is agreed to called?

The term used for goods that are not in existence at the time a contract is agreed upon is "future goods." This concept is specific to contracts that involve the sale of goods which may be created, manufactured, or otherwise brought into existence after the contract has been formulated. The idea is that the seller agrees to provide goods that will be available in the future, and the buyer commits to purchasing them. This type of understanding is common in contractual scenarios where goods are not currently manufactured or available but are anticipated to be produced in due course.

The other terms do not accurately describe this legal concept. "Potential goods" refers more broadly to goods that may have the capacity to become available but do not convey the contractual specifics inherent in "future goods." "Anticipated goods" also lacks precise legal standing in commercial law and does not specifically address the category of goods being produced or delivered in the future. "Conditional goods" suggests that the availability of the goods depends on specific conditions being met, which is a different legal concept that pertains to the terms of the contract rather than the timeframe of when the goods are in existence. Thus, "future goods" is the precise term used in legal contexts regarding contracts for goods that do not yet exist.