FOB Out Sales definition
FOB Out Sales means when Licensee's customer located in the Territory takes title to any Licensed Products outside the Territory and/or bears the risk of loss of Licensed Products manufactured and shipped to the customer from outside the Territory.
Examples of FOB Out Sales in a sentence
If no such FOB Out Sales Royalty rate has been specified on Schedule F, and if Licensee wishes to make FOB Out Sales, it must obtain Licensor's written approval prior to making any FOB Out Sales, and an appropriate Royalty rate shall be negotiated and documented for such sales.
FOB Out Sales are permitted hereunder only if a specific FOB Out Sales Royalty rate has been specified on Schedule F.