Minimum Quotas Clause Samples
The Minimum Quotas clause establishes a required baseline level of performance or output that a party must meet within a specified period. Typically, this clause applies to sales, purchases, or production agreements, where one party is obligated to achieve or exceed a set quantity, such as selling a minimum number of units or purchasing a minimum volume of goods each year. Its core practical function is to ensure consistent activity and commitment from the obligated party, thereby providing predictability and protecting the interests of the other party in the agreement.
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Minimum Quotas. Distributor hereby agrees to attain the marketing -------------- goals agreed upon by Distributor and the Company for purposes of this Agreement by ordering and taking delivery from the Company of the Quota of Products set forth in EXHIBIT "D" hereto. Distributor hereby agrees that the establishment and achievement of such Quota is of the essence of this Agreement, and that Distributor's failure to meet its Quota shall constitute a material breach hereunder, entitling the Company to terminate this Agreement for cause pursuant to Section 16 hereof and entitling the Company to seek monetary damages.
Minimum Quotas. Distributor hereby agrees to attain the marketing -------------- goals agreed upon by Distributor and the Company for purposes of this Agreement by ordering and taking delivery from the Company of the Quota of Products set forth in EXHIBIT "D" hereto. Distributor hereby agrees that the establishment and achievement of such Quota is of the essence of this Agreement, and that Distributor's failure to meet its Quota shall give the Company the right to end Distributor's exclusivity rights to distribute the Products in the Territory under this agreement without any responsibility. The Distributor can fulfill the specified quota by purchasing products in advanced.
Minimum Quotas. For the Period Sales Quota Effective Date to Effective Date + 1 year $ 0 Effective Date + 1 year to Effective Date + 2 years $ to be determined on Effective Date + 1 year Effective Date + 2 years to Effective Date + 3 years $ to be determined on Effective Date + 2 years
Minimum Quotas. It is a requirement for each I.C. to sell and maintain a minimum of seven franchises within first 3 1/2 years of signing their contract:
Minimum Quotas. During the first 12 months after the Effective Date herein the Licensee will deliver to the licensor a minimum dollar value of orders in excess of $500,000 of the licensor's Pediatric RapiMed product. During the following 12 months after the effective date herein the Licensee will deliver to the Licensor a minimum dollar value of orders in excess of $1,400,000 of the Licensor's Pediatric RapiMed product. During the following 12 months after the effective date herein the licensee will deliver to the Licensor a minimum dollar value of orders in excess of $2,400,000 of the licensor's Pediatric RapiMed product. Failure to comply with the stated minimums shall be grounds for termination of the license by the Licensor. Notice of termination with 10 days notice will be delivered by mail from the Licensor to the licensee via U S mail with a return receipt proof of delivery. The quotas commence 90 days after the acceptance of the registration (the Effective Date) in Hong Kong, China of the licensor's Pediatric RapiMed product.
Minimum Quotas. Iit is a requirement for each I.C. to sell and maintain a minimum of seven franchises within, the first 3 1/2 years of signing their contract:
Minimum Quotas. During the first 12 months after the Effective Date herein the Sub-Licensees will deliver to the Sub-Licensor a minimum dollar value of orders in excess of $120,000 of the SubLicensor's Pediatric RapiMed product. During the following 12 months after the effective date herein the Sub-Licensees will deliver to the Sub-Licensor a minimum dollar value of orders in excess of $220,000 of the Sub-Licensor's Pediatric RapiMed product. During the following 12 months after the effective date herein the Sub-Licensees will deliver to the Sub-Licensor a minimum dollar value of orders in excess of $320,000 of the Sub-Licensor's Pediatric RapiMed product. Failure to comply with the stated minimums shall be grounds for termination of the Sub-License by the Sub-Licensor. Notice of termination with 10 days notice will be delivered by mail from the Sub-Licensor to the Sub-Licensees via U S mail with a return receipt proof of delivery. The quotas commence 90 days after the acceptance of the registration (the Effective Date) in Canada of the Sub-Licensor's Pediatric RapiMed product.
Minimum Quotas. For the Period Sales Quota Effective Date to Effective Date + 1 year [*] Effective Date + 1 year to Effective Date + 2 years [*] Effective Date + [*] year Effective Date + 2 years to Effective Date + 3 years [*] Effective Date + [*] years