Example ContractsClausescommercial updatesVariants
Commercial Updates
Commercial Updates contract clause examples

Minimum Unit Sales Commitment” means with respect to each Make Whole Payment Commercial Year, commencing with the second Make Whole Payment Commercial Year and ending with, and including, the tenth Make Whole Payment Commercial Year, the following respective number of Units of ​ bottles of Product: ​ for the second Make Whole Payment Commercial Year; ​ for the third Make Whole Payment Commercial Year; and ​ for each of the fourth through the tenth Make Whole Payment Commercial Years.

Minimum Unit Sales Commitment Shortfall” means with respect to each Make Whole Payment Commercial Year, commencing with the second Make Whole Payment Commercial Year and ending with, and including, the tenth Make Whole Payment Commercial Year, the difference of # the Minimum Unit Sales Commitment for such Make Whole Payment Commercial Year, minus # the Adjusted Number of Units sold during such Make Whole Payment Commercial Year which were included in the Net Sales reported for such Make Whole Payment Commercial Year and included in the calculation of Royalty Payments.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.