Net Sales. The total proceeds from the sale of Product and Other Agreed Upon Technologies sold by the Corporation in normal, bona fide commercial transactions on an arm’s length basis to, by, with, or through an entity which is not affiliated with any Party of this Agreement, less the following items: (i) sales discounts (including sales rebates); (ii) sales returns; (iii) shipping and transaction costs, such as Value Added Tax, CIF charges and packaging expenses; and (iv) sales commissions to third parties.
Appears in 5 contracts
Samples: License Agreement (Northern Technologies International Corp), Management Agreement (Northern Technologies International Corp), Sales Representation Agreement (Northern Technologies International Corp)
Net Sales. The total proceeds from the sale of Product and Other Agreed Upon Technologies sold within the Territory by the Corporation Company in normal, bona fide commercial transactions on an arm’s length basis to, by, with, or through an entity which is not affiliated with to any Party of this Agreement, less the following items: (i) sales discounts (including sales rebates); (ii) sales returns; (iii) shipping and transaction costs, such as Value Added Tax, CIF charges and packaging expenses; and (iv) sales commissions to third parties.
Appears in 4 contracts
Samples: Agreement (Northern Technologies International Corp), Management and Sales Representation Agreement (Northern Technologies International Corp), License Agreement (Northern Technologies International Corp)
