Minimum Net Sales Target Sample Clauses

The Minimum Net Sales Target clause sets a required baseline for the amount of net sales that must be achieved within a specified period, typically by a distributor or licensee. This clause outlines the sales threshold, the timeframe for measurement, and may detail consequences if the target is not met, such as loss of exclusivity or termination of the agreement. Its core function is to ensure that the party responsible for sales maintains a satisfactory level of performance, thereby protecting the interests of the supplier or licensor and incentivizing active promotion of the products.
POPULAR SAMPLE Copied 1 times
Minimum Net Sales Target. The Minimum Net Sales Targets for Agent shall be as follows: Year of Initial Period Annual Minimum Net Sales Targets for ABC First Year $43,000 Second Year $1,000,000 Third Year $1,250,000 Thereafter TBD And for each subsequent Contract Period such amount as is specified by Principal to Agent in writing not less than one (1) month before the start of the relevant Contract Period or as otherwise agreed in writing between the parties, and if none is so specified or agreed in respect of a Contract Period, the sum shall be the same as applied for the Contract Period last preceding such Contract Period.
View SourceView Similar (4)

Related to Minimum Net Sales Target

  • Sales Milestones On a Co-Co Product-by-Co-Co Product basis, Celgene shall make the following sales milestone payments to Jounce that are set forth below upon the first achievement by or on behalf of Celgene, its Affiliates or Sublicensees of the Sales Milestone Events set forth below with respect to sales of such Co-Co Product in the ROW Territory. [***] [***] [***] [***]

  • Net Sales The term “

  • Sales Milestone Payments Artiva shall make the following one-time, non-refundable and non-creditable sales milestone payments to GCLC when the aggregate annual Net Sales of Products in the Territory first reach the thresholds specified below. Artiva shall notify GCLC promptly of the achievement of each such sales threshold. Each sales milestone payment shall be made by Artiva within [***] days after the end of the calendar quarter in which such sales threshold is achieved. To the extent more than one sales threshold is reached in any given calendar year, then the applicable milestone payment for each such achievement shall be due and owing with respect to such calendar year. For clarification, the total milestone payments payable hereunder if all milestone events are achieved is [***].

  • Minimum Annual Royalties Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.