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Define: Net Receipts

The meaning of “Net Receipts” differs based on where it is used. We list many below, then combine them into one or more market-standard definitions.

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.

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What is the most popular definition of 'Net Receipts'?

the amounts received by the Licensee from the grant of sub-licences under the Patents and the Know-how, less any Value Added Tax or similar tax paid in respect of those amounts;