Common use of No Retail Sales Clause in Contracts

No Retail Sales. Licensee acknowledges that the rights granted to it hereunder do not include the right to operate a boutique under the Licensed Mxxx (or any variation or simulation thereof) or otherwise to itself sell Articles at retail (including, without limitation, through catalog, mail or internet orders), except that Licensee may sell Articles through a factory outlet operated by Licensee under Licensee’s name, provided that “Net Sales” (as hereinafter defined) of Articles through such factory outlet during any Annual Period shall not constitute more than five percent (5%) of Net Sales for such Annual Period.

No Retail Sales. Licensee acknowledges that the rights granted to it hereunder do not include the right to operate a boutique under any of the Licensed Mxxx Marks (or any variation or simulation thereof) or otherwise to itself sell Articles at retail (including, without limitation, through catalog, mail or internet orders), except that Licensee may sell Articles through a factory outlet operated by Licensee under Licensee’s name, provided that “Net Sales” (as hereinafter defineddefined in Paragraph 2.1) of Articles through such factory outlet during any Annual Period shall not constitute more than twenty five percent (525%) of Net Sales for such Annual Period.