Purchasing Price Clause Samples
The Purchasing Price clause defines the amount of money that the buyer agrees to pay to the seller for the goods or services specified in the contract. This clause typically outlines whether the price is fixed, adjustable, or subject to certain conditions, and may detail payment schedules, currency, and any included taxes or fees. Its core practical function is to ensure both parties have a clear, mutual understanding of the financial terms, thereby preventing disputes over payment obligations.
Purchasing Price. 4.1. The purchase price for the Purchased Shares is USD 400,000.00 (the "PURCHASE PRICE") which will be transferred to the bank account of KCE with Nordea Bank (account number to be provided by KCE) following the Closing (as defined below) of this Agreement. Side 3.
Purchasing Price. The Buyer acquires the contractual rights and the related know-how for the price of 1.00 EURO plus the statutory VAT. Furthermore, the Buyer shall pay to the Seller a sales tax:
a) on the net sales of products that the Buyer markets directly. These shall be calculated based on the net selling prices obtained by the Buyer from the sale of products in the countries holding the patent, or where the patent has been registered and not yet finally rejected, and where the product might impair the patent. The net selling price is the selling price for third parties, minus the discount and additional costs invoiced separately, such as for transport, packaging, customs duties or other taxes. Any transfer of products to companies within the Group (e.g. the parent company, subsidiaries, affiliates) is not deemed as a sale of products. In such case, net sales of products shall be calculated based on the net selling prices, obtained by the Group Company by the sale of products to an end consumer. The following percentage is applicable: [***]% of the net sale, as per above.
b) on revenues obtained by the Buyer from the lending, sale or other use of the patent. The following percentage is applicable: [***]% of all payments received by the Buyer from the aforementioned transactions (including without limitation: percentages, milestone payments, payments for drawings).
1. The Buyer, at its discretion, shall decide on the application of patent rights. The latter shall bear all costs related thereto.
2. The Seller undertakes as much as necessary to support the Buyer, at the latter’s request, in the application of the patent rights. The expenses thus incurred for the Seller shall be covered by the Buyer, as they previously agreed thereupon. Any possible claims to damages or possible receipts obtained with a view to a deed of arrangement shall devolve upon the Buyer.
3. The Seller undertakes not to personally challenge or help third parties to challenge the patent rights.
Purchasing Price. The principal will sell his product to the marketer for .13c a pound US until 12/31/2001. Delivery locations, packaging and labeling will be established by marketer. Shipments to customers will be made according to industry standards by principal.
Purchasing Price. 2.1- It is hereby duly agreed that the purchasing price including VAT for the Apartment mentioned under Article 1 here-above be Birr……….(… Birr )
Purchasing Price. Ho Hon Systems shall supply scaffolding equipment to Royal Century Construction on terms no less favourable than the quotation of Ho Hon Systems previously provided to Royal Century Construction and agreed under the Master Agreement. The purchasing price of each Purchasing Order shall be determined through arm’s length negotiations between Royal Century Construction and Ho Hon Systems with reference to the prevailing market price and within the quotation provided by Ho Hon Systems.
Purchasing Price. To acquire the GFH stock,
(a) LICONT shall issue and deliver to GFH shares of LICONT common stock such that GFH/▇▇▇▇ ▇▇▇▇▇▇▇▇ owns 82% of the fully-diluted resulting company.
(b) GFH shall designate recipients of such stock according to a distribution memo at or before closing.
(c) LICONT shall assume all liabilities of GFH, including to pay the fees of GFH legal counsel not to exceed $30,000 through closing of transaction.
Purchasing Price. 1. The purchase price for the shares is [*] for each no-par value share, i.e. a total of [*] (in words: [*] euros), and is payable to the account of the Seller at [*] intended use: Purchase Price Next.e.GO Mobile SE shares.
2. The purchase price is due 3 working days after conclusion of the contract. In the event that the Buyer defaults on the payment of the purchase price, the Buyer shall owe default interest in the amount of 5 percentage points p.a. above the base interest rate.
Purchasing Price. The parties of this contract concluded an option contract as of August 22, 1995; which grants a seven years option for the customer to buy all of the supplier's tangible and intangible assets including customers' lists, instructions, patents and licences, which are used or can be used for the production of isotopes. The purchasing price amounts to 5 million US-$. If the customer makes use of this option, the investment grant agreed upon within this contract amounting to 1.5 million DM will be credited against the purchasing price. This option is also granted for any existing or future subsidiary of the customer. * Denotes confidential portions of this agreement that have been omitted and filed separately with the Securities and Exchange Commission.
Purchasing Price. The Purchasing Price is USD10,336,848, of which USD 4,046,811 is paid for Xinde, USD 2,034,367 for ▇▇▇▇ ▇▇▇▇▇▇▇, USD3,678,348 for ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and USD577,322 for ▇▇▇▇ ▇▇▇▇▇.