Payments by GUESS. Notwithstanding anything contained herein, in the event GUESS or any subsidiary or affiliate owes any amounts to LICENSEE, whether as a result of the purchase of Products, Closeouts, inventory or other reason, in each case GUESS may deduct from such amounts any amounts owed it by LICENSEE.
Appears in 3 contracts
Sources: Trademark License Agreement (Parlux Fragrances Inc), Trademark License Agreement (Parlux Fragrances Inc), Trademark License Agreement (Parlux Fragrances Inc)