Consumer Channels definition
Examples of Consumer Channels in a sentence
For the purposes of this Agreement, the Bell Entities and the Corporation have determined that ▇▇▇▇ Canada’s Office of the Vice President, Consumer Channels, shall be the Corporation’s initial point of contact should any issues or concerns relating to this Agreement arise during the Term.
JP will pay TO Holdings a royalty of: (i) four percent (4.0%) of Net Sales of OTC Cancer Products made via Consumer Channels; (ii) five percent (5.0%) of Net Sales of Beauty Products made via Consumer Channels; and (iii) three percent (3.0%) of Net Sales of OTC Cancer Products made via Professional Channels (collectively, the “Royalty”).
Additionally, either Licensor may terminate this Agreement immediately upon written notice if JP does not (i) have an OTC Product on the market via any Consumer Channels or Professional Channels within eighteen (18) months from the Effective Date and (ii) meet any Minimum Royalty Payment.