Glossary of Terms: N-O

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Net (Wholesale) Sales
Gross Sales reduced by customer discounts, returns, freight out, and allowances.

Non-exclusive license
The same rights to licensed merchandise granted to several licensees.

— O —

One-Sheet
A single page summary explaining why a licensee in interested in acquiring the license for a particular product category.

Overage
The sum amount of Royalties that are paid to a licensor above the guarantee.