Which definition should you use?
🤔 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.
the invoiced price of a Licensed Product sold at arm's length or, where the sale is not at arm's length, the price that would have been invoiced if the sale had been at arm's length, after deducting:normal trade discounts and credits given;the costs of carriage, insurance, freight and packaging if charged separately to the customer; andimport duties and sales taxes actually paid by the Licensee or its sub-licensee;
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