Docusign Envelope ID: 77FA13D4-9B94-40B4-9FA4-40D42B04446D
requirements of the License Agreement. If School is self-licensed, Follett will comply with all requirements of School and receive approval of all graphics through School.
13.3
3 Follett will provide promotional emails for free, discounted or special product promotions will be sent from a designated University department website database every two (2) to four (4) weeks by Follett or the designated University department.
13.4 A web link from the University website named "Store" will be linked to the new Follett provided online store. Wherever possible, designated ad space on the University website will be allocated for online Store advertising and an additional ad space will be allocated for promotional ads for discounted, free or special product promotions.
13.5 Follett will provide a website application to allow designated University staff members, University Departments or other designated University staff to purchase products from the University's product line at discounts of approximately 25% to 50% off retail pricing.
13.6 Commissions (as defined below) on products sold by Follett bearing University Indicia will be paid to University within fifteen (15) days following the end of the month that commissions are earned. Commissions for each product sold, shall be paid at 10% of the retail price at which a product is sold. With respect to online sales, royalties shall be deemed earned by University as of the transaction billing date. Retail sales are defined as the price at which product is sold online excluding freight and sales tax.
13.7 License Fees (as defined below) on products sold by Follett bearing University Indicia will be paid to the University appointed licensing company within fifteen (15) days following the end of the month that License Fees are earned. License Fees for each product sold shall be paid at the established percentage for University of the wholesale price at which a product is sold. Wholesale pricing is defined as 50% of the retail pricing. With respect to online sales, License Fees shall be deemed earned by School as of the transaction billing date. License Fees will not be paid for products sold directly to University.
For the avoidance of doubt, the aforementioned commissions are not applicable to the purchase of products or merchandise sold by Follett under the terms of Section 10.
13.8
Except for the School's eFollett website, Follett shall have the exclusive right, free from any alternate source endorsed, licensed or otherwise approved or supported by School through electronic commerce (including hyperlinks to alternate sources) to sell merchandise traditionally offered through college and university athletic department online retail stores.
14. Insurance.
14.1 During the term of this Agreement, Follett shall keep in force, at its own expense, at least the following insurance, all in accordance with this Section:
Commercial General Liability having a combined single limit of not less than $1,000,000 per occurrence covering premises and operations, contractual liability and products/completed operations;
Business Automobile Liability having a combined single limit of not less than $1,000,000