Sold Goods definition
Examples of Sold Goods in a sentence
Commencing on the sixth month of this Agreement and continuing thereafter for the remainder of the Term, the Return Reserve percentage shall be revised monthly to reflect the actual percentage of Sold Goods returned to Navarre during the previous six months; provided, however, that the Return Reserve percentage shall never be less than twenty percent (20%) nor more than thirty percent (30%).
Navarre shall also be entitled to indicate the date after which Navarre shall no longer distribute the Recordings or accept returns of Sold Goods.
Each week during the Term, Label shall issue an invoice to Navarre based on the gross total of Sold Goods from the prior week as set forth in the Weekly Summary Report.
Navarre shall pay Label the Base Price of all Sold Goods each week as shown on the invoice, less the Return Reserves, less any other applicable discounts set forth in this Section 4, less manufacturing and printing costs (if applicable) and less agreed upon promotional and administrative costs.
If Navarre's customers request a credit resulting from Label's price reduction on Sold Goods, Label shall credit Navarre for the difference between the invoice price charged to Navarre and the reduced price for each unit of Sold Goods which are sold to Navarre's customers on the date the reduced price is first offered by Label or while the reduced price is still in effect.