Factory Outlets and Off-Price Retailers Sample Clauses

Factory Outlets and Off-Price Retailers. The Master Licensee shall submit to the Licensor its proposal for the opening within the Territory of Factory Outlets or Off-Price Retailers for the disposal under the best possible conditions of end-of-season close-outs of Lacoste Watches and of Seconds, under the conditions and according to the methods set forth hereinafter: 7.3.1 The Master Licensee shall submit to the Licensor, for prior approval, for each Factory Outlet or Off-Price Retailer, a detailed application specifying inter alia the location of the Factory Outlet or Off-Price Retailer as well as its size, the number of Approved Watches Retailers in the area, and the brand environment, in the point of sale and in the area. 7.3.2 The Licensor reserves the right to verify that every point of sale selected by the Master Licensee as a Factory Outlet or an Off-Price Retailer conforms to the marketing policy established by the Licensor in the Territory, based both on the application itself and on the commercial policy (including the selective distribution policy) adopted by the Licensor in the Territory. The Master Licensee shall submit for approval or cause to be submitted for approval to the Licensor a copy of the completed application for every potential point of sale. The Licensor shall inform the Master Licensee of its decision, in writing, within fifteen (15) business days from the date of receipt of the completed application. In the absence of any notification from the Licensor within fifteen (15) business days from the date of receipt of the completed application, the proposed point of sale shall be deemed refused. 7.3.3 The Master Licensee shall ensure that all precautions are taken in order to avoid confusion in the mind of the consumers between the Factory Outlets and the Off-Price Retailers on the one hand and the other points of sale for Lacoste Watches on the other hand, particularly by using different furniture and display units, and shall ensure that the sales made by the Factory Outlets and the Off-Price Retailers are not in any way harmful to the Lacoste Trademarks Image. 7.3.4 The Master Licensee shall send on a monthly basis to the Licensor the list of the sales of Lacoste Watches as well as, as the case may be, of Other Lacoste Products made by each of the Factory Outlets in the Territory, as well as all other relevant information which may be requested by the Licensor, in a form satisfactory for the Licensor. 7.3.5 Subject to the prior written authorization of the Licensor, the ...
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