definiens: shall mean a company in the business of making and selling compact disc - like structures in which fluids are moved by centrifugal force . 1.3 '' Net Sales " shall mean the gross selling price charged by Licensee for Products manufactured or sold by the Licensee in a country in which the Product is covered by a Patent ( i.e., a country in which, but for the license granted herein, the Product would infringe a valid, enforceable . unexpired claim of a Patent ) less : ( a ) allowances for damaged and returned goods ; ( b ) discounts actually credited to customers or commissions paid to third parties in amounts customary in the trade ; ( c ) custom duties, forwarding insurance premiums, sales, excise, and other laxes actually paid by the Licensee or otherwise included in the gross selling price with respect to the sale of Products ; A Product shall be considered sold hereunder in accordance with extant GAAP accounting procedures and guidelines