Annual Planning. (a) Within [———-]16 after the date of this Agreement, and thereafter each year consistent with Licensee’s ordinary course of business on an annual basis, Licensee shall develop a product plan for the next fiscal year (the “Annual Plan”), which shall set forth descriptions of the Licensed Articles Licensee plans to develop (including a description of each SKU), a timeline for the development of each of these products and their corresponding promotional materials. (b) Licensee shall submit the Annual Plan to Licensee for Approval, and shall meet with Licensor to discuss the Annual Plan.
Appears in 2 contracts
Sources: License Agreement, License Agreement (Inter Parfums Inc)