Nautilus 2009 Annual Report Download - page 203

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5
1.17. “
Licensed IP
” shall mean the intellectual property rights licensed to Buyer pursuant to this Agreement, consisting of the
Licensed Marks, the Licensed Patents, and the Other Commercial IP. The scope of the Licensed IP may change over time, as
provided elsewhere in this Agreement.
1.18.
“
Licensed Marks
”
shall mean Nautilus Marks and the Commercial Marks collectively.
1.19.
“
Licensed Patents
”
shall mean the Nautilus Patents and Commercial Patents collectively.
1.20.
“
Marketing Collateral
”
shall mean all tangible materials and items, except for Fitness Products, bearing a Nautilus Mark or
Commercial Mark and distributed by Buyer primarily to induce sales or promote brand awareness. Marketing Collateral
includes but is not limited to brochures, flyers, manuals, guides, clothing, novelty items, online content, etc. that bear a
Licensed Mark and are distributed to promote the brand or products.
1.21.
“
Minimum Invoice Price
”
shall mean the lowest price invoiced by Buyer to a customer within the Commercial Channel for
Cardio Products. Thus, for example, the Minimum Invoice Price of a treadmill sold with a television and media player is the
invoiced price of the sale minus the average invoice price for the television and media player sold separately. The Minimum
Invoice Price for Cardio Products is shown in the following table. The Minimum Invoice Price does not apply to Strength
Products due to the nature of category. The Minimum Invoice Price shall change in proportion to the CPI-U as described in §
3.2. In the event this clause is challenged by a Government agency as anti-competitive or a violation of anti-trust laws or
regulations, then this clause and all references to Minimum Invoice Price shall be deemed severed from this Agreement as of
the Effective Date.