Gross Sales. “Gross Sales” shall mean the aggregate compensation the LICENSEE, or its subsidiaries, or mutually agreed joint ventures, receives for goods sold under the Patent Rights without a reduction for taxes, transportation, returns, depreciation or other expenses.
Appears in 2 contracts
Samples: Patent & Trademark Licensing Agreement, Patent & Trademark Licensing Agreement (STL Marketing Group, Inc.)
Gross Sales. “Gross Sales” shall mean the aggregate compensation the LICENSEE, or its subsidiaries, or mutually agreed joint ventures, receives for goods sold under the Patent Rights without a reduction for taxes, transportation, returns, depreciation or other expenses.
Appears in 2 contracts
Samples: Patent License Agreement (Jaison Phytochem, Inc.), Patent License Agreement