Minimum Net Sales. In the event that Licensee fails to achieve minimum Net Sales during any [———-]44 consecutive Annual Periods beginning with the fourth Annual Period as specified in Schedule D attached hereto, then Licensor shall have the right, exercisable within [———-]45 of the end of such second consecutive Annual Period, to terminate this Agreement on not less than [————]46 notice to Licensee.
Appears in 2 contracts
Sources: License Agreement, License Agreement (Inter Parfums Inc)