Define: Total Turnover
Total Turnover means the sum total of the revenue from all goods produced and sold by a business, including from transactions and export activities.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Total Turnover means the sum total of the revenue from all goods produced and sold by a business, including from transactions and export activities.
Relevant Circumstances
- Determining royalty or franchise fees
- Assessing performance of a sales or supply agreement
- Setting thresholds for performance-based bonuses or incentives
- Negotiating terms of a partnership agreement
Relevant Sectors
- Retail
- Manufacturing
- Franchising
- Supply Chain Management