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Waterway Industries's trademark was licensed to Carla Vista Co. for royalties of 15% of sales of the trademarked items. Royalties are payable semiannually on March

Waterway Industries's trademark was licensed to Carla Vista Co. for royalties of 15% of sales of the trademarked items. Royalties are payable semiannually on March 15 for sales in July through Decem...

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