Purchases by Licensor. In addition to the Licensed Products which Licensee provides to Licensor pursuant to Paragraph 5.13 above, Licensor may purchase reasonable quantities of Licensed Products from Licensee for display in Licensor's showrooms, for public relations purposes and for "non-shoe specific" advertisements at forty (40%) percent off the regular wholesale price of Licensed Products on standard industry terms. Licensee shall permit Licensor to purchase a reasonable amount of Licensed Products for the personal use of Licensor's employees from Licensee at the regular wholesale price of such Licensed Products on standard industry terms. No royalty or advertising payment shall be payable by Licensee with respect to such purchases.
Appears in 2 contracts
Sources: License Agreement (Stride Rite Corp), License Agreement (Stride Rite Corp)