Legislator Jurisprudence & Législation
DE FR IT EN
Analyser dans Legislator
ATAS/834/2006 • CJ GE ATAS/834/2006 Généré par l'IA

Royalty Agreement Interpretation: Calculation Base and Deductions

Numéro de cause ATAS/834/2006
Autorité / Tribunal
Juridiction Suisse · Canton de Genève (CH-GE)
Date de la décision
Issue du litige Admis (Allowed)
Frais judiciaires à la charge de l'autorité
Ouvrir la source officielle Miroir Entscheidsuche Version Markdown lisible par machine (.md)

Synthèse Legislator

Généré par l'IA

The court addressed several issues arising from a dispute over royalties and accounting, primarily focusing on the proper interpretation of a royalty agreement regarding the calculation base, particularly concerning pre-production costs, insurance, taxes, and administrative overhead deducted from gross receipts before calculating the royalty percentage. The court reasoned that the agreement's clear language defined the base for royalty calculation as gross receipts less only specific, enumerated deductions, which did not explicitly include the disputed pre-production expenses, certain insurance costs, or general administrative overhead, thus affirming the lower court's finding that these items were improperly deducted, while also addressing specific issues related to the timeliness of certain payments and the application of particular accounting methods specified or omitted in the contract.

Regeste Legislator

Officiel

; AI(ASSURANCE) ; LOI FÉDÉRALE SUR L'ASSURANCE-INVALIDITÉ ; ENQUÊTE MÉDICALE ; ENQUÊTE(EN GÉNÉRAL) ; ACTIVITÉ LUCRATIVE À TEMPS PARTIEL ; TENUE DU MÉNAGE ; EMPÊCHEMENT(EN GÉNÉRAL) ; AFFECTION PSYCHIQUE ; DÉPRESSION ; FORCE PROBANTE | LAI4;

Mots-clés

Généré par l'IA
interprétation du contrat calcul des frais accords particuliers frais généraux déductions et remboursements redevance de licence

Dispositions légales citées

Généré par l'IA
Art. 66 al. 1 LTF
Cited in the dispositive for ordering the appellant to pay the appeal costs.
Art. 68 al. 2 LTF
Cited in the dispositive regarding the rejection of the application for cost revision.
Généré par l'IA
A/212/2004
Royalty Calculation Dispute Based on Contractual Deduction Interpretation
A/4379/2005
Contractual Royalty Calculation Dispute
A/2960/2007
Contractual Royalty Calculation Dispute
A/1772/2004
Royalty Calculation Dispute and Contract Interpretation
A/2365/2004
Royalty Calculation Based on Gross Selling Price

Questions juridiques clés extraites par Legislator

Généré par l'IA
Art. 66 al. 1 LTF

Cited in the dispositive for ordering the appellant to pay the appeal costs.

Art. 68 al. 2 LTF

Cited in the dispositive regarding the rejection of the application for cost revision.

Vous souhaitez savoir comment cet arrêt s'applique à votre dossier ?

Analysez cette décision avec la législation fédérale, le droit cantonal, la doctrine et la jurisprudence subséquente dans Legislator AI.

Ouvrir dans Legislator →

Texte complet



                !"#$ !%%& ' (") !%%&

'

 ' * *'*  *  

+,  !

 #! -,  !%%& 



 !"!#$#"! %&    !)!$ %   %  '#$())((





)$!

     + %%  &  (! ($(# ,)-.    





            

   &0/21&   * . '

25 6(&"!7!)!$8 !)!$($"9)# 2-:2  $($(! + "!(  $ !!('#  %(  2-.0 $  ;!#  <)$() +( #97! "!7   *    %  % +    %%   6(&"!7*% %8=!().3> 72--15

05 "!$(!23?(0330 #$)$$('($#!$('5 !#((#) )$!$ ' <<$  13 '!( 0331   !()  ('! $$($ =  $# )$)<<!($$")!!?)(!)!( "95

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



/012./0334  &1/21&   <<)!$$C! ((<($)"$!'C$#(!$(#$$ )#<(C)$('$()!)!$=!"!!$!'(5

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



/012./0334  &G/21&   !'(   ; #"  (( A  @!(7! )C)&!#5  # +)$#)"$@(((A"(!(<($!$()+'($@!$"" )9!5%)( "!#$($$)$(9$+<(C!),9(5 ?)$# A  "($ $   !)!$ #$($ (!$ ()"$(C'$('($#"!)<()+(=)((5

235 )!!(!!#=+ 0)'C!033: ! #!#A!)!$#$($#9$$$($+#$$#"!(')&;(; @!)(A #)$"!$($)!!$((!$!@(($ A+#$($"!(!"("(!#)$!($$$(#"!!5

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

205 )!"")!$!#"($$(<0J<#'!(!0334 !M% $(#    !#<#!$  !"")!$ +; %  2: <#'!(! 0334  A  (($()"($#$!'(!)!$#$($$($+)!! ",@($!(AP"($#$!'(!#(+#'($=:3>$)$$('($# $"(?(03305

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

245 !#(()!)"")($()01(0334 )$(<(#0-(0334 +  )<(!##(().'!(03345+)<<(<($')(!A!$(<($1 ( 0334 #$C( "!  !   $$($ "  #'(  "#?)!$()+#$$#"!(<!)!$$+#$($"$!=$$! )$)()+;C((("((!5 <( +#$($=?$$($!A+( '($ #$# $ )"$  ")!    9!# +('(($#   <($ A  !)!$;!Q($$('($#!$('=.3>5

2.5 !)!!(!0.?(0334 !)!$($!?$$!)!"!7 !(C  #  )$ =  A A+( )($ )$$# A+ !"($  )($() +)$!)(+!$$(7!+('(($#$C(((!$ =!'),!)(!= +$)!($# (<#!(! ")!  )' #(()5  79 A  !   (9)$(A#  ))!C(($# ",@($!(A  )($  #$$ #"!(< ?! #'7! ' ;(#$#5 $$ ;"!$  $(# A+ #$($ ("C+;!!A)A$('($#!$('5+#()!$())$<($ #$$  !   <($ !#<#! =  A($#  '( $ ) " =  "($#$!'(5 )$! )$$9!#+('(($#<<$#



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

*  '

25 )(9')(!S)!9($()?(((!68#$#)(<(#$($($#  72!)R$0331  !(C$)!)( )")#: ?9 )$"!#($$'(&"!#($ :""#$$24?9! 6!$52$5!$:4 85  %($=S$()S#$()24?9! "! !(C<##! 0.?'(!033G6 *2132348 ! )(9')()"$# 21 <#'!(!   (")($() $!($)(! !9$ "!$$$  !(C $)  ! )(  (#9!  ! = 1 ?9 $($(!     S$$$S#$())';?9!5

05 )<)!#$=+!$5:4$5@50  !(C$)! )()O$($(A)$$$()"!#'=+!$5:4)( <##!!"!$(9##!!)($!)(4)$)C!0333 6 8 A( )$ !$(' =  )( ! +!&('(($#  2- ?( 2-:- 6 85  %)"#$")!?9!S"7$((#$C(5

15  $$!#'(9!2!?'(!0331 $!O$)(<($() )C!(")($()#9)(!)(5%! " $#!(   ")($  ')(! A !)($ +""(A )($ H$! $!@# = 



/012./0334  &J/21&   (7!"!((")A!79""(C)$'(9! )$ )I  <($ ?!((A$ #$!($  )$ "!)($ 6 * 213  013 )(5 252P 11: )(5 250P * 20-  G )(5 250P * 20.  G4. )(52P204214)(5GC$!#<#!85 S""(A) S"7!+$(<($+$"!)($!$+#03315!79 "!)#!A$=+""(A$!#!'7?)!)$!# '(9!6 *22.-1)(54C 220143)(5GP  2--JT1. "5124)(51C85 G5 $!?$#   <)! $ #( #9;   !)! $ !'C 6!$5 :4 $ 43  85 :5 +)C?$($(9")!$!+#'$!)($=!$+('(($#<'! !)!$5 S!$5G52 $("AS('(($#$(($()"($#9(  "!## "!$ )  )9 !#  A( !#$ S $$($ =  $# "@,(A  ) $ "!)'$ S (<(!($# )9#($  S ( ) S ($5  $$($ =  $# ",@(A "'$  )  $$($ "@,(A $!O!('(($#+!$5G52 6(()' +!$5 J  85   )(7! " )  )#A + #$$ ",@(A (<  ) " )  <<$() = "!!  @!9 "! +!&('(($# (($()"($#9(A+!#")!!($ "H@!<($"!'C)'))$#P!A($;(9(C )($ H$! #$!(# ( )C?$('$ A ")(C 6 * 230  24:P % 0332"500G)(50C$!#<#!P<5( *20.0-J)(5G( <(85  !)(+;($+$$($=$#",@(A)<)!  $!)C )$)<)! ))!; "!($$ "") +C)!  "!# +(9)$(#$+;"!$6",@($!8$+"",$9!$(! !($7!+,$7(<($()!)6 *2131-J)(5:51$ )(5 485 ) ")! $)$  $! $$($ =  $# ",@(A   (9)$(  $!)C )$)<)! ))!; "!($$  )$($ " )!C<<($")!)!=('(($#5 )$!(! (;($  "!#)"$() A  $!)C )$)<)! ))!; ) ! <<$ "'$ H$! !)$# "!  <<)!$  '))$# !()C$ ;(9(C5  !$7! ) ;(9(C   !#($#9!$()   "!)  $!'( "$ !#$!<$!#$!(#A( "!!($($#$!)$ !$ "!) ("C  <)!(! $ <<)!$  '))$#5   $    <<$  +!#(")"!)!#(!")!'(!)!5 A$()  ')(! (  (!)$ ;"$() )$ !#( )($ H$! $!@#=(7!(<<#!$!($7!5 "!(!"<(9! "!#+))!C(($#",@($!(A(")!$$"!9!'($# )($# $  !#5 +$! !($7! "'$ H$! #$!($5  !    <<$() )!")! @!)(A  + "!) (< +#$$ !



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

235 ! )#A$   !)! $ ( $  #(() #5  !)!$ )C$$"!$($9( (($#2+333<!5(!)!# =$($!"!$(("$()=<!($#"6!$542$59 8    

  ' .  ' * *'*  *  



/012./0334  &21/21&   

/0121,, 3   -1 1  1  45 #&! 6

  21,

25 #!!)!!'C5

 21

05 +$$#(()!)"")($()01(0334 ((A#(() .'!(03345

15 ')()(!=+ ")!)"#$+($!$())(#!$

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

)"()<)!"!#$!!H$$)$(<(#;"!$(((AS=S<<(<##! !)("!9!<<



/012./0334