Ex-factory cost definition
Ex-factory cost means the value of the total inputs required to produce a given product;
Ex-factory cost means the manufacturer's actual invoiced price prior to any discounts, rebates or allowances. Licensee shall be required to pay a Minimum Royalty Fee for the Term of $200,000, which is calculated by taking the product of the minimum gross sales required for the Term as set forth herein, and four percent (4%). If the Royalty Fees paid to Licensor for the Term do not equal or exceed the Minimum Royalty Fee, Licensee shall promptly pay to Licensor the difference between the Royalty Fees actually paid and the Minimum Royalty Fee.
Ex-factory cost means the value of the total inputs required to produce a given product; "Materials" means raw materials, semi-finished products, ingredients, parts and components used in the production of goods;