Net Sales. The total proceeds from the sale of Product and Other Agreed Upon Technologies sold by the Corporation in normal, bona fide commercial transactions on an arm’s length basis to, by, with, or through an entity which is not affiliated with any Party of this Agreement, less the following items: (i) sales discounts (including sales rebates); (ii) sales returns; (iii) shipping and transaction costs, such as Value Added Tax, CIF charges and packaging expenses; and (iv) sales commissions to third parties.
Appears in 6 contracts
Samples: Sales Representation Agreement, Shareholders Joint Venture Agreement (Northern Technologies International Corp), Technical Assistance and Marketing Support Agreement (Northern Technologies International Corp)
Net Sales. The total proceeds from the sale of Product and Other Agreed Upon Technologies sold within the Territory by the Corporation Company in normal, bona fide commercial transactions on an arm’s length basis to, by, with, or through an entity which is not affiliated with to any Party of this Agreement, less the following items: (i) sales discounts (including sales rebates); (ii) sales returns; (iii) shipping and transaction costs, such as Value Added Tax, CIF charges and packaging expenses; and (iv) sales commissions to third parties.
Appears in 6 contracts
Samples: License Agreement, Technical Assistance and Marketing Support Agreement, Joint Venture Agreement (Northern Technologies International Corp)
