Net Sales Value

Net Sales Value. The invoiced price of Licensed Products sold by the Licensee or its Affiliates to independent third parties in arm's length transactions exclusively for money or, where the sale is not at arm's length, the price that would have been so invoiced if it had been at arm's length, after deduction of all documented: a) normal trade discounts actually granted and any credits actually given for rejected or returned Licensed Products; b) costs of packaging, insurance, carriage and freight, provided in... each case that the amounts are separately charged on the relevant invoice; c) value added tax or other sales tax; and d) import duties or similar applicable government levies; provided that such deductions do not exceed reasonable and customary amounts in the markets in which such sales occurred. Sales between any of the Licensee, its Affiliates and Sub-licensees shall not be considered for the purposes of this definition unless there is no subsequent sale to a person who is not the Licensee, its Affiliate or Sub-licensee in an arm's length transaction exclusively for money. View More