Common use of 7AuditandInspectionRightsoftheGovernment Clause in Contracts

7AuditandInspectionRightsoftheGovernment. 1.7.1 Withoutprejudiceto statutory rights, the Government, upon at least twenty (20) Business Days advance writtennoticetotheContractor,shallhavetherighttoinspectandaudit,duringnormalbusinesshours,all records and documents supporting income, such as the Contractor’s accounts, books, records, invoices, price lists or similar documentation with respecttothePetroleumOperationsconductedhereunderineach Year,withinthree(3)Years(orsuch longerperiodasmayberequiredinexceptionalcircumstances)fromtheendofsuch Year.

7AuditandInspectionRightsoftheGovernment. 1.7.1 Withoutprejudiceto statutory rights, the Government, upon at least twenty (20) Business Days advance writtennoticetotheContractor,shallhavetherighttoinspectandaudit,duringnormalbusinesshours,all al l records and documents supporting income, such as the Contractor’s accounts, books, records, invoices, price lists or similar documentation with respecttothePetroleumOperationsconductedhereunderineach Year,withinthree(3)Years(orsuch longerperiodasmayberequiredinexceptionalcircumstances)fromtheendofsuch Year.