Apr 18, 2007 22:20
17 yrs ago
1 viewer *
English term
price netting
English
Bus/Financial
Law: Contract(s)
Would you explain what this term would be expressed in other words?
Option would have to pay XXX a fixed $5 higher royalty payment per unit to XXX if it purchased AAA from YYY instead of XXX. Other OEMs are subject to discriminatory ***price netting*** under which the royalty the OEM pays under its patent license includes the price of the AAA if the AAA is acquired from a company other than XXX, but excludes the price of the AAA if it is acquired from XXX.
TIA
Option would have to pay XXX a fixed $5 higher royalty payment per unit to XXX if it purchased AAA from YYY instead of XXX. Other OEMs are subject to discriminatory ***price netting*** under which the royalty the OEM pays under its patent license includes the price of the AAA if the AAA is acquired from a company other than XXX, but excludes the price of the AAA if it is acquired from XXX.
TIA
Responses
Responses
+1
9 hrs
Selected
anti-competitive incentive
It sounds as if the manufacturers are allowing one supplier to offer the product at a better rate than they allow other suppliers, thus encouraging clients to buy from that supplier in preference to others.
Peer comment(s):
| agree |
Alfa Trans (X)
2 days 4 mins
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4 KudoZ points awarded for this answer.
Comment: "Thank you kmtext for clearing my head!"
13 mins
price adjustment
verb (nets, netting, netted) [with obj.] acquire (a sum of money) as clear profit: he netted £2.45 million on the deal.
[with two objs] return (profit or income) for (someone): the land netted its owner a turnover of 800,000.
(net something down/off/out) exclude a non-net amount, such as tax, when making a calculation, in order to reduce the amount left to a net sum: the scrap value should be netted off against the original purchase price.
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Because the price is increased or reduced depending on where the AAA is acquired, I would go for something like 'adjustment'.
[with two objs] return (profit or income) for (someone): the land netted its owner a turnover of 800,000.
(net something down/off/out) exclude a non-net amount, such as tax, when making a calculation, in order to reduce the amount left to a net sum: the scrap value should be netted off against the original purchase price.
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Because the price is increased or reduced depending on where the AAA is acquired, I would go for something like 'adjustment'.
Peer comment(s):
| neutral |
Alexander Demyanov
: Price adjustments are normally made for special circumstances, against a regular price. In this case it's a policy. Also, your explanation of the meaning of "netting" in this context is wrong.
1 hr
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Fair enough. Let's see what you come up with. There is room for 2 words :-) / Oh, by the way, the meaning of 'netting' is explained in the text itself. Good luck!
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-1
28 mins
Anna Maria Augustine (X)
France
Native in English
&
English
Works in field
Related KudoZ points
:
24
cutting back on prices/price cutbacks
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Peer comment(s):
| disagree |
Alexander Demyanov
: This is not the meaning of price netting. One definition can be found at thefreedictionary.com: http://financial-dictionary.thefreedictionary.com/netting
1 hr
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| neutral |
Els Spin
: But that definition doesn't fit the context. :-)
1 hr
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1 hr
Alexander Demyanov
Works in field
Software Engineering background
Native in: Russian 
Works in: English, Russian, Russian to English, and 1 more.
Related KudoZ points
:
12
I'd just say 'discriminatory pricing' or 'discriminatory pricing policy'
The thing is, the term is probably misused in your original. Here is a definition of "netting" as a financial term from http://financial-dictionary.thefreedictionary.com:
Netting
1. Settling mutual obligations at the net value of a contract as opposed to its gross dollar value.
2. Reducing the transfer of funds between subsidiaries to a net amount.
In this case, it seems that XXX is using a questionable technique against competition, providing insetives for buying AAA bundled with it's product as opposed to obtaining it from other vendors. For me, it's not clear what "netting" the original may be talking about. I don't see anything "netted".
Since the portion starting with "under which the royalty the OEM pays..." explains the pricing policy, I believe using just "discriminatory pricing" would suffice for readers to understand the intended meaning.
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Note added at 1 hr (2007-04-19 00:14:12 GMT)
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inCentives
Netting
1. Settling mutual obligations at the net value of a contract as opposed to its gross dollar value.
2. Reducing the transfer of funds between subsidiaries to a net amount.
In this case, it seems that XXX is using a questionable technique against competition, providing insetives for buying AAA bundled with it's product as opposed to obtaining it from other vendors. For me, it's not clear what "netting" the original may be talking about. I don't see anything "netted".
Since the portion starting with "under which the royalty the OEM pays..." explains the pricing policy, I believe using just "discriminatory pricing" would suffice for readers to understand the intended meaning.
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Note added at 1 hr (2007-04-19 00:14:12 GMT)
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inCentives
Peer comment(s):
| neutral |
Els Spin
: Oh, so now the text doesn't fit your meaning. Yeah, right. / No, my message to you is that you are disagreeing for the wrong reasons. You should just have added your suggestions without offering comments that are unreasonable, unfair and unfounded.
12 mins
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Any comment on my suggested translation or just your hard-to-contain emotions?//Els, I thought this space was for comments on my suggestion, not for opinions on my comments about other answers.
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Discussion