How is Product Sales defined in a legal contract?
- Product Sales means the gross revenue generated from the sale of the product.
Seen in 10 SEC filings. - Product Sales means the money made by the company from the sale of products to third parties, following generally accepted accounting principles.
Seen in 5 SEC filings. - Product Sales means the total revenue made from the sale of the product by the company, its affiliates or licensees, to third parties, minus a number of specified deductions.
Seen in 1 SEC filings. - Product Sales means the act of selling or distributing pharmaceutical products in the normal course of the company’s business.
Seen in 3 SEC filings. - Product Sales means the cash received during a specified financial quarter from the sale of a nitric oxide product or any related product, excluding any sales, use, value added or other excise taxes.
Seen in 2 SEC filings.
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for ‘Definitions of product sales’ yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Product Sales means gross revenue from the sale of a product.
Relevant Contract Types
Relevant Circumstances
- When a company is selling its goods to retail outlets
- When a business is engaging in B2B selling
- When a company wants to track its top line revenue
Relevant Sectors
Genie Definition 2
- Product Sales means net revenue from selling or distributing products, after specific deductions.
Relevant Contract Types
Relevant Circumstances
- When a company is licensing its products to another enterprise
- When a franchise is selling the franchisor's goods under their brand
- When a business wants to track its net revenue
Relevant Sectors
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Product Sales means gross revenue from the sale of a product.
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