During each fiscal quarter, Distributor may return for credit a quantity of excess inventory, the value of which shall not exceed 10% of Distributor's net dollar sales invoiced by Us (the manufacturer) during the preceding fiscal quarter for Our products.
The dictionary says "An invoice is a commecial document issued by a seller to a buyer". So if we invoice the sale, which two parties does the sale relate to? Between We and the Distributor? Or betwwen the Distributor and the End User?
Thanks very much!