Joint Sales Customers Sample Clauses
The "Joint Sales Customers" clause defines how two or more parties collaborate to sell products or services to shared customers. It typically outlines the procedures for identifying joint customers, coordinating sales efforts, and managing customer relationships, including responsibilities for communication, pricing, and support. This clause ensures that both parties have a clear understanding of their roles and obligations when engaging with mutual customers, thereby preventing conflicts and promoting effective cooperation in joint sales activities.
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Joint Sales Customers. For customers that the Reseller and the Company agree to sell together, the parties will agree to share the profit of the annual aggregate joint customer business during each calendar year of the term that exceeds the aggregate revenue for those joint customers during the prior calendar year. The parties have agreed to the joint sales customers listed on Exhibit B3. The parties agree in good faith to equitably adjust upward the 2006 revenue baseline to take into account the Company’s anticipated addition of [ * ] stores, to the extent such addition has a material impact on revenues in 2007. All payments with respect to joint sales customers will be made within 30 days after each calendar year during the term.
Joint Sales Customers. For customers that the Reseller and the Company agree to sell together, the parties will agree to share the profit of any business that exceeds the mutually agreed sales target for any such customer. The parties agree to mutually agree in good faith by July 5, 2006 to the joint sales customers and the applicable sales targets for each joint sales customer to be listed on Exhibit B3 based upon [ * ]. Such sales targets will specify the measuring period to which each target relates. For illustrative purposes, if the mutually agreed sales target for Customer X is $2 million and sales for such customer increase to $3 million, the Reseller and the Company will share the “Profit” on the difference ($1 million) on [ * ]. For purposes of this Agreement, “Profit” means the difference between (x) the actual revenue attributed to such customer minus the expected revenue previously agreed upon and (y) the Company’s POPSign Cost times the number of signs. The Company’s POPSign Cost will be based upon the total incremental joint revenue between the parties as follows: The Company will be responsible for billing and collecting all amounts due from the Customer in respect of joint sales accounts, and all sales will be using Company purchase orders or other documentation.