Royalty Rate. Licensee shall pay to Licensor a royalty equal to the sum of the percentages set forth in Schedule E on all Net Sales (as defined below) by Licensee of the Licensed Products. The term "Net Sales" shall mean the gross amount of sales of Licensed Products at the invoiced selling price, net:
Appears in 4 contracts
Samples: License Agreement (Eternal Image Inc), License Agreement (Eternal Image Inc), Merchandise License Agreement (Eternal Image Inc)