Clearance sale definition
Clearance sale means an offer by a person to sell all offered in-stock consumer items at a price reduced from that person's regular price if the person intends to sell out all such items during the advertised period of sale, but will nevertheless reorder the same or substantially similar items to be again sold by that person not less than 90 days after the reorder.
Clearance sale the sale of any Product by Licensee or any of its Affiliates at a wholesale price less than its Cost of Manufacture in any part of the Territory with the intention of discontinuing its Exploitation in that part;