| econ. |
net sales value (This provision is usually contained within a payments clause, where payments are calculated by reference to the amount of a party's sales of goods (e.g. in agency and sales agreements). The word net indicates that certain items (VAT, insurance, etc.) may be deducted from the amount actually charged to the customer. e.g.: The Licensee shall pay to the Licensor a royalty being a percentage of the Net Sales Value of all the Licensed Products sold by the Licensee. LE2 Alexander Demidov) |
