Fees
- The amount of the Initial Store Design Fee referred to in Section 8.A of this Agreement shall be 5,000 USD per store
- The amount of the Subsequent Store Design Fee referred to in Section 8.A od this Agreement shall be 5,000 per store
- The amount of the Subsequent Store Review Fee referred to in Section 8.A of this Agreement shall be 1,000 USD per store
- The applicable of the Net Revenue of each store payable as a Royalty Fee pursuant 8.B shall be as follows:
8% fee on Net Revenue, provided that the duty rate for footware (Authorized Product) imported into the Development Area is less than 20%
7% fee on Net Revenue, provided that the duty rate for footware (Authorized Product) imported into the Development Area is equal to or greater than 20%