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Gross Revenue Lease Definition Clause

Book Publication Date: Sep 2013
Description: Percentage rent clauses in leases for retail space can be useful to the tenant to reduce upfront expenses. One way to calculate percentage rent is based on gross revenues. However, the tenant should be careful to clearly define what is included and excluded from the definition of gross revenues such as in the the sample clause included here.
Type: Contract Clauses
PLI Item #: 58379
Practice Area: Commercial law, Fashion design, Intellectual property

Keywords: fashion; retail; brand; "real estate"; "brick and mortar"; landlord; tenant; rent; "percentage rent"; "fixed rent"; lease; "gross revenue"; chargebacks; credits; refunds; taxes

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