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German to English translations [PRO] Bus/Financial - Law: Contract(s) / intellectual property
German term or phrase:verrechenbar
Apologies in advance for inserting the words (2 questions) in a mostly- translated extract. This is due to the original being on fax ,
and a killer deadline!
The topic is a film/movie licensing contract
"ARTICLE 2 – Minimum Guarantee / Income
The Rental Company shall pay the Licensor a minimum guarantee of €350,000.00, plus V.A.T (non-refundable, but *verrechenbar*.) This is payable as follows:
€ xxxxx upon conclusion of the contract and € yyy after technical acceptance of the 'serienkopiereifen Internegativ'