Periodic Retailer Performance Report Sample Clauses
The Periodic Retailer Performance Report clause requires the retailer to regularly provide detailed reports on their sales performance and related activities. Typically, this involves submitting data such as sales figures, inventory levels, and marketing efforts at specified intervals, such as monthly or quarterly. By mandating these reports, the clause enables the supplier or contracting party to monitor the retailer’s compliance with agreed-upon standards and to identify any issues early, thereby ensuring transparency and supporting effective business management.
Periodic Retailer Performance Report. LICENSEE shall, within ten (10) days after the end of every month during the Term, commencing with the end of the first month following the execution of this Agreement and continuing until a final certification of wind-up is delivered, furnish LICENSOR with a detailed statement (the "Monthly Retailer Performance Report"), showing the following: (i) sales of Licensed Products by account in dollars; (ii) stock of Licensed Products on hand in dollars; and (iii) sales of Licensed Products by style in units. LICENSEE shall also furnish LICENSOR with a detailed statement (the "Quarterly Retailer Performance Report") showing the following: (i) sales of Licensed Products by accounts; and (ii) stock of Licensed Products on hand in dollars; The Quarterly Retailer Performance Report shall be furnished to LICENSOR within ten (10) business days after the end of every calendar quarter during the Term, commencing with the end of the first calendar quarter following the execution of this Agreement and continuing until a final certification of wind-up is delivered. Notwithstanding the foregoing, the Monthly Retailer Performance Reports and the Quarterly Retailer Performance Reports shall be furnished only with respect to those accounts, which LICENSOR has designated in the Exhibit C, as LICENSOR may amend, from time to time; and with respect to any information which must be obtained from or provided by retailers, LICENSEE's obligation to provide any such information shall be subject to availability (i.e., whether such retailers have provided or will provide such information.) Subject to the foregoing, the failure or refusal of LICENSEE to timely furnish any Monthly Retailer Performance Report or Quarterly Retailer Performance Report more than twice in any 12 month period following notice by LICENSOR of such failure and the opportunity to cure in accordance with Section 10.1 herein shall be deemed a substantial and material breach of this Agreement and shall entitle LICENSOR, without any prejudice to any other right which LICENSOR may have under law, in contract or in equity for such breach, to terminate the License.