Net Service Revenue

Net Service Revenue. With respect to a Straight Sale of a Licensed Assay performed as a service for a third party, the gross invoice price charged for the Assay, less the following deductions where they are factually applicable and not already reflected in the gross invoice price: (i) discounts and rebates allowed and taken, in amounts customary in the trade; and (ii) sales and/or use taxes and/or duties imposed upon, and with specific reference to, particular sales; or (b) with respect to performance of a Licensed... Assay as a service for a third party that is not a Straight Sale for any reason, the amount that would have resulted under subsection (a) had the transaction been a Straight Sale. View More

Net Service Revenue. Revenue received from a third party pursuant to a service agreement for services performed using the licensed products.