Net Sales. The total proceeds from the sale of Product within the Territory by the Company in normal, bona fide commercial transactions on an arm’s length basis to, by, with, or through an entity which is not affiliated 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
Sources: License Agreement, Technical Assistance and Marketing Support Agreement, Joint Venture Agreement (Northern Technologies International Corp)
Net Sales. The total proceeds from the sale of Product within the Territory and Other Agreed Upon Technologies sold by the Company Corporation in normal, bona fide commercial transactions on an arm’s length basis to, by, with, or through an entity which is not affiliated to 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
Sources: Sales Representation Agreement, Sales Representation Agreement (Northern Technologies International Corp), Management Agreement (Northern Technologies International Corp)