Guaranteed Minimum Royalty

Example Definitions of "Guaranteed Minimum Royalty"
Guaranteed Minimum Royalty. Means a guaranteed non-returnable royalty payment by Syratech to VEW as set forth in Paragraph 5(a). The Guaranteed Minimum Royalty shall be recoupable by Syratech as set forth in Paragraph 5(c).
Found in SYRATECH CORP contract
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