{"component": "clause", "props": {"groups": [{"samples": [{"hash": "5tS8IWCWh6n", "uri": "/contracts/5tS8IWCWh6n#audit-request", "label": "License Agreement (Coherus BioSciences, Inc.)", "score": 26.3552360535, "published": true}, {"hash": "e8pKTEKs5aX", "uri": "/contracts/e8pKTEKs5aX#audit-request", "label": "License Agreement (Coherus BioSciences, Inc.)", "score": 25.799451828, "published": true}, {"hash": "dfPZOPbSBwI", "uri": "/contracts/dfPZOPbSBwI#audit-request", "label": "License Agreement (Coherus BioSciences, Inc.)", "score": 25.7310066223, "published": true}], "size": 16, "snippet_links": [{"key": "each-party", "type": "definition", "offset": [0, 10]}, {"key": "cost-and-expense", "type": "clause", "offset": [30, 46]}, {"key": "the-right", "type": "clause", "offset": [80, 89]}, {"key": "each-calendar-year", "type": "definition", "offset": [103, 121]}, {"key": "regular-business-hours", "type": "definition", "offset": [139, 161]}, {"key": "notice-to-the", "type": "clause", "offset": [217, 230]}, {"key": "other-party", "type": "clause", "offset": [231, 242]}, {"key": "records-maintained", "type": "clause", "offset": [258, 276]}, {"key": "to-determine", "type": "clause", "offset": [297, 309]}, {"key": "with-respect-to", "type": "clause", "offset": [310, 325]}, {"key": "one-party", "type": "definition", "offset": [410, 419]}, {"key": "this-agreement", "type": "clause", "offset": [439, 453]}, {"key": "calendar-years", "type": "clause", "offset": [467, 481]}, {"key": "a-party", "type": "clause", "offset": [486, 493]}, {"key": "an-independent", "type": "clause", "offset": [541, 555]}, {"key": "certified-public-accountant", "type": "definition", "offset": [557, 584]}, {"key": "conditions-of", "type": "clause", "offset": [657, 670]}, {"key": "provide-to", "type": "clause", "offset": [727, 737]}, {"key": "party-a", "type": "clause", "offset": [751, 758]}, {"key": "confidential-information-of", "type": "clause", "offset": [920, 947]}, {"key": "five-percent", "type": "clause", "offset": [1109, 1121]}, {"key": "additional-payment-amounts", "type": "clause", "offset": [1229, 1255]}, {"key": "additional-expenses", "type": "clause", "offset": [1269, 1288]}, {"key": "section-79", "type": "clause", "offset": [1429, 1440]}, {"key": "within-thirty", "type": "clause", "offset": [1493, 1506]}, {"key": "days-after", "type": "definition", "offset": [1512, 1522]}, {"key": "written-report", "type": "definition", "offset": [1597, 1611]}, {"key": "the-audit", "type": "clause", "offset": [1704, 1713]}, {"key": "article-14", "type": "definition", "offset": [1746, 1756]}, {"key": "dispute-resolution", "type": "clause", "offset": [1758, 1776]}, {"key": "the-accountant", "type": "clause", "offset": [1820, 1834]}, {"key": "the-payment", "type": "clause", "offset": [1859, 1870]}, {"key": "conclusion-of", "type": "clause", "offset": [1894, 1907]}], "snippet": "Each Party shall, at its sole cost and expense (except as provided below), have the right one (1) time each Calendar Year to audit, during regular business hours and upon not less than fifteen (15) days prior written notice to the other Party, the books and records maintained by such other Party to determine with respect to any Calendar Year, the accuracy of any report or payment made or expense charged by one Party to the other under this Agreement in the [***] Calendar Years. If a Party desires to audit such records, it shall engage an independent, certified public accountant reasonably acceptable to the other Party, to examine such records under conditions of confidentiality. Such accountant shall be instructed to provide to the auditing Party a report verifying any report made or payment submitted or expense charged by the other Party during such period, but shall not disclose to the auditing Party any Confidential Information of the other Party not necessary to be disclosed. The expense of such audit shall be borne by the auditing Party; provided, however, that, if an error of more than five percent (5%) is discovered, then such expenses shall be paid by the other Party. If such accountant concludes that additional payment amounts were owed or additional expenses were charged to the auditing Party during any period, the other Party shall pay such payment amount (including interest thereon pursuant to Section 7.9 (Interest) from the date such amounts were payable) within thirty (30) days after the date the auditing Party delivers to the other Party such accountant\u2019s written report so concluding, unless such other Party notifies the auditing Party of any dispute regarding the audit and commences proceedings under Article 14 (DISPUTE RESOLUTION) within thirty (30) days after delivery of the accountant\u2019s report (in which case the payment shall be delayed until conclusion of the proceeding). Such auditors shall not be paid on a contingency basis.", "hash": "2177165b9777d425237f51fee999278d", "id": 1}, {"samples": [{"hash": "a8HBfZxEpxL", "uri": "/contracts/a8HBfZxEpxL#audit-request", "label": "Contingent Payment Agreement (Biovest International Inc)", "score": 24.9863109589, "published": true}, {"hash": "kgO888QV52m", "uri": "/contracts/kgO888QV52m#audit-request", "label": "Contingent Payment Agreement (Biovest International Inc)", "score": 22.1115665436, "published": true}, {"hash": "iq0v9HIi2lL", "uri": "/contracts/iq0v9HIi2lL#audit-request", "label": "Contingent Payment Agreement (Biovest International Inc)", "score": 22.1115665436, "published": true}], "size": 6, "snippet_links": [{"key": "the-request", "type": "clause", "offset": [3, 14]}, {"key": "an-independent", "type": "clause", "offset": [147, 161]}, {"key": "certified-public-accountant", "type": "definition", "offset": [163, 190]}, {"key": "by-company", "type": "clause", "offset": [201, 211]}, {"key": "upon-reasonable-notice", "type": "clause", "offset": [327, 349]}, {"key": "material-documents", "type": "definition", "offset": [390, 408]}, {"key": "relating-to", "type": "definition", "offset": [409, 420]}, {"key": "gross-revenue", "type": "clause", "offset": [436, 449]}, {"key": "control-of", "type": "definition", "offset": [471, 481]}, {"key": "period-of", "type": "clause", "offset": [542, 551]}, {"key": "contingent-payments", "type": "clause", "offset": [574, 593]}, {"key": "determine-the", "type": "clause", "offset": [636, 649]}, {"key": "obtain-information", "type": "clause", "offset": [722, 740]}, {"key": "calendar-quarter", "type": "definition", "offset": [787, 803]}, {"key": "in-the-case", "type": "clause", "offset": [804, 815]}, {"key": "failure-to-report", "type": "definition", "offset": [883, 900]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [908, 934]}, {"key": "to-company", "type": "clause", "offset": [971, 981]}, {"key": "to-the-company", "type": "definition", "offset": [1127, 1141]}, {"key": "cost-of", "type": "clause", "offset": [1232, 1239]}, {"key": "the-performance", "type": "clause", "offset": [1240, 1255]}, {"key": "payments-by", "type": "clause", "offset": [1333, 1344]}, {"key": "the-original", "type": "definition", "offset": [1436, 1448]}], "snippet": "At the request of Company, Biovest and/or its Affiliates shall permit, and Biovest shall cause each of its Sublicensees and Transferees to permit, an independent, certified public accountant appointed by Company and acceptable to Biovest (or its Affiliates, Sublicensees or Transferees, as applicable), at reasonable times and upon reasonable notice, to examine those records and all other material documents relating to or relevant to Gross Revenue in the possession or control of Biovest, its Affiliates, Sublicensees or Transferees, for a period of three (3) years after Contingent Payments have accrued, as may be necessary to: (i) determine the correctness of any report or payment made under this Agreement; or (ii) obtain information as to the Contingent Payments payable for any calendar quarter in the case of Biovest\u2019s, its Affiliate\u2019s or its Sublicensee\u2019s or Transferee\u2019s failure to report or pay pursuant to this Agreement. Said accountant shall not disclose to Company any information other than information relating to said reports and Contingent Payments. Results of any such examination shall be made available to the Company and Biovest and any Sublicensee or Transferee, as applicable. Company shall bear the full cost of the performance of any such audit, unless such audit demonstrates underpayment of Contingent Payments by Biovest or its Sublicensee or Transferee of more than ten percent (10%) from the amount of the original Contingent Payment made by Biovest or its Sublicensee or Transferee, as applicable. In such event, Biovest or its Sublicensee or Transferee, as applicable, shall bear the full cost of the performance of such audit.", "hash": "e9e77b3bab11a901f4e82d66fda868a8", "id": 6}, {"samples": [{"hash": "kKy9ccBX4cw", "uri": "/contracts/kKy9ccBX4cw#audit-request", "label": "License Agreement (Acorda Therapeutics Inc)", "score": 21.0, "published": true}, {"hash": "h1WqYkiLGyv", "uri": "/contracts/h1WqYkiLGyv#audit-request", "label": "License Agreement (Acorda Therapeutics Inc)", "score": 21.0, "published": true}, {"hash": "dEH0RsCQG0I", "uri": "/contracts/dEH0RsCQG0I#audit-request", "label": "License Agreement (Acorda Therapeutics Inc)", "score": 21.0, "published": true}], "size": 5, "snippet_links": [{"key": "the-request", "type": "clause", "offset": [3, 14]}, {"key": "an-independent", "type": "clause", "offset": [56, 70]}, {"key": "certified-public-accountant", "type": "definition", "offset": [72, 99]}, {"key": "upon-reasonable-notice", "type": "clause", "offset": [168, 190]}, {"key": "with-respect-to", "type": "clause", "offset": [256, 271]}, {"key": "calendar-year", "type": "clause", "offset": [276, 289]}, {"key": "prior-to", "type": "clause", "offset": [323, 331]}, {"key": "obtain-information", "type": "clause", "offset": [424, 442]}, {"key": "royalty-payable", "type": "clause", "offset": [453, 468]}, {"key": "in-the-case", "type": "clause", "offset": [491, 502]}, {"key": "failure-to-report", "type": "definition", "offset": [515, 532]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [540, 566]}, {"key": "available-to", "type": "definition", "offset": [614, 626]}, {"key": "both-parties", "type": "clause", "offset": [627, 639]}, {"key": "cost-of", "type": "clause", "offset": [666, 673]}, {"key": "the-performance", "type": "clause", "offset": [674, 689]}, {"key": "provided-however", "type": "clause", "offset": [709, 725]}, {"key": "in-the-event", "type": "clause", "offset": [732, 744]}, {"key": "five-percent", "type": "clause", "offset": [803, 815]}, {"key": "payment-due", "type": "definition", "offset": [839, 850]}, {"key": "subject-to", "type": "definition", "offset": [891, 901]}, {"key": "the-cost", "type": "clause", "offset": [946, 954]}], "snippet": "At the request and expense of MAYO, ACORDA shall permit an independent, certified public accountant appointed by MAYO and acceptable to ACORDA, at reasonable times and upon reasonable notice, to examine those records as may be necessary to: (i) determine, with respect to any calendar year ending not more than three years prior to MAYO\u2019s request, the correctness of any report or payment made under this Agreement; or (ii) obtain information as to the royalty payable for any calendar year in the case of ACORDA\u2019S failure to report or pay pursuant to this Agreement. Results of any such examination shall be made available to both Parties. MAYO shall bear the full cost of the performance of any such audit; provided however, that in the event such audit reveals an underpayment by ACORDA in excess of five percent of the total amount of payment due by ACORDA to MAYO for any calendar year subject to such audit, ACORDA shall reimburse MAYO for the cost of such audit.", "hash": "9517b0051df91a43449dbb8d11f5e520", "id": 10}, {"samples": [{"hash": "8JLwiHfip9g", "uri": "/contracts/8JLwiHfip9g#audit-request", "label": "License Agreement (Mesoblast LTD)", "score": 24.7193698883, "published": true}, {"hash": "3XqWyaGP4lw", "uri": "/contracts/3XqWyaGP4lw#audit-request", "label": "License Agreement (Mesoblast LTD)", "score": 23.9390830994, "published": true}], "size": 7, "snippet_links": [{"key": "the-request", "type": "clause", "offset": [3, 14]}, {"key": "independent-certified-public-accountant", "type": "definition", "offset": [142, 181]}, {"key": "upon-reasonable-notice", "type": "clause", "offset": [260, 282]}, {"key": "material-documents", "type": "definition", "offset": [323, 341]}, {"key": "relating-to", "type": "definition", "offset": [342, 353]}, {"key": "net-sales", "type": "definition", "offset": [369, 378]}, {"key": "net-profits", "type": "definition", "offset": [382, 393]}, {"key": "control-of", "type": "definition", "offset": [415, 425]}, {"key": "period-of", "type": "clause", "offset": [496, 505]}, {"key": "net-profit-share", "type": "clause", "offset": [542, 558]}, {"key": "and-payments", "type": "clause", "offset": [694, 706]}, {"key": "inspection-of", "type": "clause", "offset": [731, 744]}, {"key": "books-and-records", "type": "definition", "offset": [749, 766]}, {"key": "royalty-payments", "type": "clause", "offset": [852, 868]}, {"key": "this-agreement", "type": "clause", "offset": [895, 909]}, {"key": "payments-required", "type": "definition", "offset": [989, 1006]}, {"key": "days-after", "type": "definition", "offset": [1098, 1108]}, {"key": "the-royalty", "type": "clause", "offset": [1150, 1161]}, {"key": "five-percent", "type": "clause", "offset": [1270, 1282]}, {"key": "during-the-period", "type": "clause", "offset": [1346, 1363]}, {"key": "cost-of", "type": "clause", "offset": [1417, 1424]}], "snippet": "At the request and expense (except as provided below) of OSIRIS, JCR and its Affiliates and its Sublicensees and co-marketers shall permit an independent certified public accountant appointed by OSIRIS and reasonably acceptable to JCR, at reasonable times and upon reasonable notice, to examine those records and all other material documents relating to or relevant to Net Sales or Net Profits in the possession or control of JCR and/or its Affiliates or its Sublicensees and co-marketers, for a period of three years after such royalties or Net Profit share have accrued. Said accountant shall not disclose to OSIRIS any information other than information relating to said reports, royalties, and payments. If, as a result of any inspection of the books and records of JCR or its Affiliates or its Sublicensees and co-marketers it is shown that JCR\u2019s royalty payments or Net Profit share under this Agreement were less than the amount which should have been paid, then JCR shall make all payments required to be made to eliminate any discrepancy revealed by said inspection within forty-five (45) days after OSIRIS\u2019 demand therefore. Furthermore if the royalty payments or Net Profit share was less than the amount which should have been paid by an amount in excess of five percent (5%) of the royalty payments or Net Profit share actually made during the period in question, JCR shall also reimburse OSIRIS for the cost of such inspection.", "hash": "fefea5d4e70f8873ba089a176065548c", "id": 4}, {"samples": [{"hash": "rIsEQMnTTm", "uri": "/contracts/rIsEQMnTTm#audit-request", "label": "Sub License Agreement (Biodelivery Sciences International Inc)", "score": 18.0, "published": true}, {"hash": "aOxjC3NAa8a", "uri": "/contracts/aOxjC3NAa8a#audit-request", "label": "Sub License Agreement (Bioral Nutrient Delivery LLC)", "score": 18.0, "published": true}, {"hash": "T36TDV3NQc", "uri": "/contracts/T36TDV3NQc#audit-request", "label": "Sub License Agreement (Bioral Nutrient Delivery LLC)", "score": 18.0, "published": true}], "size": 12, "snippet_links": [{"key": "the-request", "type": "clause", "offset": [3, 14]}, {"key": "affiliates-and-sublicensees", "type": "clause", "offset": [45, 72]}, {"key": "an-independent", "type": "clause", "offset": [86, 100]}, {"key": "certified-public-accountant", "type": "definition", "offset": [102, 129]}, {"key": "upon-reasonable-notice", "type": "clause", "offset": [209, 231]}, {"key": "material-documents", "type": "definition", "offset": [272, 290]}, {"key": "relating-to", "type": "definition", "offset": [291, 302]}, {"key": "net-sales-received", "type": "definition", "offset": [318, 336]}, {"key": "sublicensee-income", "type": "definition", "offset": [341, 359]}, {"key": "control-of", "type": "definition", "offset": [381, 391]}, {"key": "period-of", "type": "clause", "offset": [435, 444]}, {"key": "running-royalties", "type": "definition", "offset": [472, 489]}, {"key": "determine-the", "type": "clause", "offset": [532, 545]}, {"key": "obtain-information", "type": "clause", "offset": [618, 636]}, {"key": "royalties-payable", "type": "clause", "offset": [655, 672]}, {"key": "calendar-quarter", "type": "definition", "offset": [681, 697]}, {"key": "in-the-case", "type": "clause", "offset": [698, 709]}, {"key": "failure-to-report", "type": "definition", "offset": [738, 755]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [763, 789]}, {"key": "and-payments", "type": "clause", "offset": [918, 930]}, {"key": "available-to", "type": "definition", "offset": [978, 990]}, {"key": "both-parties", "type": "clause", "offset": [991, 1003]}, {"key": "cost-of", "type": "clause", "offset": [1030, 1037]}, {"key": "the-performance", "type": "clause", "offset": [1038, 1053]}, {"key": "the-original", "type": "definition", "offset": [1187, 1199]}, {"key": "royalty-payment", "type": "clause", "offset": [1208, 1223]}, {"key": "right-to-audit", "type": "definition", "offset": [1334, 1348]}, {"key": "payment-of", "type": "definition", "offset": [1357, 1367]}, {"key": "commercial-sale", "type": "clause", "offset": [1398, 1413]}, {"key": "date-of", "type": "clause", "offset": [1459, 1466]}], "snippet": "At the request and expense of BDSI, BND, its Affiliates and Sublicensees shall permit an independent, certified public accountant appointed by BDSI acceptable to BND or its Affiliates, at reasonable times and upon reasonable notice, to examine those records and all other material documents relating to or relevant to Net Sales Received and Sublicensee income in the possession or control of BND, its Affiliates or Sublicensees, for a period of three (3) years after such Running Royalties have accrued, as may be necessary to: (i) determine the correctness of any report or payment made under this Agreement; or (ii) obtain information as to the Running Royalties payable for any calendar quarter in the case of BND's or its Affiliate's failure to report or pay pursuant to this Agreement. Said accountant shall not disclose to BDSI any information other than information relating to said reports, Running Royalties, and payments. Results of any such examination shall be made available to both Parties. BDSI shall bear the full cost of the performance of any such audit, unless such audit demonstrates underpayment of royalties by BND of more than ten percent (10%) from the amount of the original Running Royalty payment made by BND. In such event, BND shall bear the full cost of the performance of such audit. BDSI shall have no right to audit or seek payment of any Running Royalties for any Commercial Sale after the date which is three years from the date of such Commercial Sale.", "hash": "8a2045b8ea203834b8fd22209504491a", "id": 2}, {"samples": [{"hash": "lrn6SMXbebe", "uri": "/contracts/lrn6SMXbebe#audit-request", "label": "Development and License Agreement (Advancis Pharmaceutical Corp)", "score": 18.0, "published": true}, {"hash": "fQpfBgDo1pA", "uri": "/contracts/fQpfBgDo1pA#audit-request", "label": "Development and License Agreement (Advancis Pharmaceutical Corp)", "score": 18.0, "published": true}], "size": 12, "snippet_links": [{"key": "the-request", "type": "clause", "offset": [3, 14]}, {"key": "affiliates-and-sublicensees", "type": "clause", "offset": [79, 106]}, {"key": "an-independent", "type": "clause", "offset": [120, 134]}, {"key": "certified-public-accountant", "type": "definition", "offset": [136, 163]}, {"key": "upon-reasonable-notice", "type": "clause", "offset": [244, 266]}, {"key": "material-documents", "type": "definition", "offset": [307, 325]}, {"key": "relating-to", "type": "definition", "offset": [326, 337]}, {"key": "net-sales", "type": "definition", "offset": [353, 362]}, {"key": "control-of", "type": "definition", "offset": [384, 394]}, {"key": "access-to-the-records", "type": "clause", "offset": [483, 504]}, {"key": "business-hours", "type": "clause", "offset": [523, 537]}, {"key": "request-for-access", "type": "clause", "offset": [583, 601]}, {"key": "set-of-records", "type": "definition", "offset": [629, 643]}, {"key": "each-calendar-year", "type": "definition", "offset": [665, 683]}, {"key": "report-to", "type": "clause", "offset": [736, 745]}, {"key": "the-auditors", "type": "clause", "offset": [762, 774]}, {"key": "no-information", "type": "clause", "offset": [800, 814]}, {"key": "amount-of-royalty", "type": "clause", "offset": [830, 847]}, {"key": "notice-of", "type": "clause", "offset": [893, 902]}, {"key": "related-to", "type": "definition", "offset": [949, 959]}, {"key": "the-royalty", "type": "clause", "offset": [960, 971]}, {"key": "review-of", "type": "clause", "offset": [1047, 1056]}, {"key": "available-to", "type": "definition", "offset": [1138, 1150]}, {"key": "both-parties", "type": "clause", "offset": [1151, 1163]}, {"key": "inspection-of", "type": "clause", "offset": [1188, 1201]}, {"key": "books-and-records", "type": "definition", "offset": [1206, 1223]}, {"key": "payments-under-this-agreement", "type": "clause", "offset": [1305, 1334]}, {"key": "payments-required", "type": "definition", "offset": [1414, 1431]}, {"key": "days-after", "type": "definition", "offset": [1523, 1533]}, {"key": "amounts-due", "type": "clause", "offset": [1610, 1621]}, {"key": "in-the-event", "type": "clause", "offset": [1648, 1660]}, {"key": "no-further-payments", "type": "clause", "offset": [1661, 1680]}, {"key": "by-gsk", "type": "clause", "offset": [1690, 1696]}, {"key": "receipt-of-an-invoice", "type": "definition", "offset": [1785, 1806]}, {"key": "in-good-faith", "type": "definition", "offset": [2004, 2017]}, {"key": "during-the-period", "type": "clause", "offset": [2085, 2102]}], "snippet": "At the request and expense (except as provided below) of ADVANCIS, GSK and its Affiliates and Sublicensees shall permit an independent, certified public accountant appointed by ADVANCIS and reasonably acceptable to GSK, at reasonable times and upon reasonable notice, to examine those records and all other material documents relating to or relevant to Net Sales in the possession or control of GSK and/or its Affiliates and/or its Sublicensees. GSK shall provide such auditors with access to the records during reasonable business hours. Such access need not be given to, not shall request for access be requested for, any such set of records more often than once each calendar year, or more than three (3) years after the date of any report to be audited, and the auditors shall report to ADVANCIS no information other than the amount of royalty due. ADVANCIS shall provide GSK with written notice of its election to inspect and audit the records related to the royalty due hereunder not less than thirty (30) days prior to the proposed date of review of such records by ADVANCIS auditors. Results of any such examination shall be made available to both Parties. If, as a result of any inspection of the books and records of GSK or its Affiliates and/or its Sublicensees, it is shown that GSK's royalty payments under this Agreement were less than the amount which should have been paid, then GSK shall make all payments required to be made to eliminate any discrepancy revealed by said inspection within forty five (45) days after ADVANCIS' demand therefor. Any over-payment will be credited against future amounts due to ADVANCIS hereunder and in the event no further payments are owed by GSK to ADVANCIS, ADVANCIS shall remit such amounts to GSK within forty-five (45) days after receipt of an invoice from GSK. Furthermore, if the royalty payments were less than the amount that should have been paid by an amount in excess of [***] not including the Medicare/Medicaid rebate adjustments estimated in good faith as described in Section 1.26 of the royalty payments actually made during the period in question, GSK shall also reimburse ADVANCIS for ADVANCIS' reasonable out-of-pocket costs related to such inspection.", "hash": "cccc2b961d144f43514b70ed0cb90309", "id": 3}, {"samples": [{"hash": "5qsmrYlyOQm", "uri": "/contracts/5qsmrYlyOQm#audit-request", "label": "Co Development and Commercialization Agreement", "score": 31.3408622742, "published": true}, {"hash": "ddB9yMGR4ZV", "uri": "/contracts/ddB9yMGR4ZV#audit-request", "label": "Co Development and Commercialization Agreement (Acucela Inc.)", "score": 25.0711841583, "published": true}, {"hash": "hjeQEdlRlxR", "uri": "/contracts/hjeQEdlRlxR#audit-request", "label": "Co Development and Commercialization Agreement (Acucela Inc)", "score": 24.5071868896, "published": true}], "size": 6, "snippet_links": [{"key": "written-request", "type": "definition", "offset": [9, 24]}, {"key": "a-party", "type": "clause", "offset": [28, 35]}, {"key": "auditing-party", "type": "definition", "offset": [42, 56]}, {"key": "each-calendar-year", "type": "definition", "offset": [82, 100]}, {"key": "other-party", "type": "clause", "offset": [106, 117]}, {"key": "responding-party", "type": "definition", "offset": [124, 140]}, {"key": "an-independent", "type": "clause", "offset": [191, 205]}, {"key": "certified-public-accounting-firm", "type": "definition", "offset": [206, 238]}, {"key": "the-responding", "type": "clause", "offset": [339, 353]}, {"key": "normal-business-hours", "type": "definition", "offset": [416, 437]}, {"key": "the-records", "type": "clause", "offset": [441, 452]}, {"key": "reasonably-necessary", "type": "clause", "offset": [487, 507]}, {"key": "to-verify", "type": "definition", "offset": [508, 517]}, {"key": "financial-reports", "type": "definition", "offset": [538, 555]}, {"key": "article-6", "type": "clause", "offset": [589, 598]}, {"key": "exhibit-b", "type": "clause", "offset": [603, 612]}, {"key": "quarter-ending", "type": "definition", "offset": [630, 644]}, {"key": "prior-to-the", "type": "clause", "offset": [674, 686]}, {"key": "date-of", "type": "clause", "offset": [687, 694]}, {"key": "the-location", "type": "clause", "offset": [746, 758]}, {"key": "requested-by", "type": "definition", "offset": [824, 836]}], "snippet": "Upon the written request of a Party (the \u201cAuditing Party\u201d) and not more than once each calendar year, the other Party (the \u201cResponding Party\u201d) shall permit the Auditing Party, accompanied by an independent certified public accounting firm of internationally recognized standing, selected by the Auditing Party and reasonably acceptable to the Responding Party, at the Auditing Party\u2019s expense, to have access during normal business hours to the records of the Responding Party as may be reasonably necessary to verify the accuracy of the financial reports and calculations made under this Article 6 and Exhibit B for any Calendar Quarter ending not more than five (5) years prior to the date of such request. Any such audit shall be conducted at the location where the records are normally kept, unless otherwise reasonably requested by the Responding Party.", "hash": "b6d1893b4cdec609e7c53835716bf28a", "id": 7}, {"samples": [{"hash": "aWm6Jdu1lY2", "uri": "/contracts/aWm6Jdu1lY2#audit-request", "label": "Development and License Agreement (Durect Corp)", "score": 20.591375351, "published": true}], "size": 6, "snippet_links": [{"key": "during-the-term-of-this-agreement", "type": "clause", "offset": [0, 33]}, {"key": "period-of", "type": "clause", "offset": [44, 53]}, {"key": "the-request", "type": "clause", "offset": [85, 96]}, {"key": "cost-of", "type": "clause", "offset": [101, 108]}, {"key": "a-party", "type": "clause", "offset": [109, 116]}, {"key": "auditing-party", "type": "definition", "offset": [123, 137]}, {"key": "in-the-case", "type": "clause", "offset": [168, 179]}, {"key": "commercial-sublicensees", "type": "clause", "offset": [239, 262]}, {"key": "audited-party", "type": "clause", "offset": [306, 319]}, {"key": "an-independent", "type": "clause", "offset": [335, 349]}, {"key": "certified-public-accountant", "type": "definition", "offset": [351, 378]}, {"key": "upon-reasonable", "type": "clause", "offset": [483, 498]}, {"key": "advance-notice-of", "type": "clause", "offset": [499, 516]}, {"key": "calendar-days", "type": "clause", "offset": [539, 552]}, {"key": "each-calendar-year", "type": "definition", "offset": [586, 604]}, {"key": "the-notice", "type": "clause", "offset": [661, 671]}, {"key": "determine-the", "type": "clause", "offset": [695, 708]}, {"key": "agreement-or", "type": "definition", "offset": [762, 774]}, {"key": "obtain-information", "type": "clause", "offset": [775, 793]}, {"key": "the-determination-of", "type": "definition", "offset": [800, 820]}, {"key": "development-costs", "type": "clause", "offset": [821, 838]}, {"key": "other-party", "type": "clause", "offset": [869, 880]}, {"key": "net-sales", "type": "definition", "offset": [892, 901]}, {"key": "for-purposes-of", "type": "clause", "offset": [902, 917]}, {"key": "royalties-payable", "type": "clause", "offset": [930, 947]}, {"key": "calendar-quarter", "type": "definition", "offset": [966, 982]}, {"key": "audited-period", "type": "definition", "offset": [991, 1005]}, {"key": "made-available", "type": "clause", "offset": [1048, 1062]}, {"key": "all-parties", "type": "clause", "offset": [1079, 1090]}, {"key": "no-other-information", "type": "clause", "offset": [1216, 1236]}, {"key": "the-examination", "type": "clause", "offset": [1261, 1276]}, {"key": "disclosure-of", "type": "clause", "offset": [1296, 1309]}, {"key": "confidentiality-agreement", "type": "definition", "offset": [1448, 1473]}], "snippet": "During the Term of this Agreement and for a period of [* * *] [* * *] thereafter, at the request and Cost of a Party (the \u201cAuditing Party\u201d), Durect and its Affiliates (in the case of a request by Hospira) or Hospira and its Affiliates and Commercial Sublicensees (in the case of a request by Durect) (the \u201cAudited Party\u201d) shall permit an independent, certified public accountant appointed by the Auditing Party and reasonably acceptable to the Audited Party, at reasonable times and upon reasonable advance notice of not less than [* * *] calendar days, but not more often than once in each calendar year, to examine such records for the [* * *] years prior to the notice as may be necessary to determine the correctness of any report or payment made under this Agreement or obtain information as to the determination of Development Costs which are reimbursable by the other Party hereunder, Net Sales for purposes of calculating royalties payable hereunder for any calendar quarter in such audited period. Results of any such examination shall be made available concurrently to all Parties except that said independent, certified public accountant shall verify to the Auditing Party such amounts and shall disclose no other information revealed in such audit. The examination shall also include disclosure of the methodology and calculations used to determine the results. The said independent, certified public accountant shall execute a written confidentiality agreement with the Audited Party.", "hash": "207d90bba497f6ca8874031ea299dcc5", "id": 9}, {"samples": [{"hash": "djzN3iCCHYz", "uri": "/contracts/djzN3iCCHYz#audit-request", "label": "Asset Purchase Agreement (Black Titan Corp)", "score": 36.4168395996, "published": true}, {"hash": "aSzWuyF85Zm", "uri": "/contracts/aSzWuyF85Zm#audit-request", "label": "Asset Purchase Agreement (Titan Pharmaceuticals Inc)", "score": 34.5687866211, "published": true}], "size": 6, "snippet_links": [{"key": "the-request", "type": "clause", "offset": [3, 14]}, {"key": "of-seller", "type": "clause", "offset": [54, 63]}, {"key": "an-independent", "type": "clause", "offset": [103, 117]}, {"key": "nationally-recognized", "type": "definition", "offset": [119, 140]}, {"key": "certified-public-accountant", "type": "definition", "offset": [141, 168]}, {"key": "by-seller", "type": "clause", "offset": [179, 188]}, {"key": "to-buyer", "type": "definition", "offset": [215, 223]}, {"key": "upon-reasonable-notice", "type": "clause", "offset": [249, 271]}, {"key": "material-documents", "type": "definition", "offset": [312, 330]}, {"key": "relating-to", "type": "definition", "offset": [331, 342]}, {"key": "net-sales", "type": "definition", "offset": [358, 367]}, {"key": "adjusted-gross-margin", "type": "definition", "offset": [371, 392]}, {"key": "of-buyer", "type": "clause", "offset": [422, 430]}, {"key": "period-of", "type": "clause", "offset": [460, 469]}, {"key": "two-calendar-years", "type": "definition", "offset": [470, 488]}, {"key": "milestone-payments", "type": "definition", "offset": [500, 518]}, {"key": "agree-to", "type": "clause", "offset": [567, 575]}, {"key": "confidentiality-terms", "type": "definition", "offset": [587, 608]}, {"key": "access-to-the", "type": "clause", "offset": [623, 636]}, {"key": "books-and-records", "type": "definition", "offset": [637, 654]}, {"key": "payments-made", "type": "clause", "offset": [818, 831]}, {"key": "by-buyer-to-seller", "type": "clause", "offset": [840, 858]}, {"key": "available-to", "type": "definition", "offset": [906, 918]}, {"key": "both-parties", "type": "clause", "offset": [919, 931]}, {"key": "inspection-of", "type": "clause", "offset": [956, 969]}, {"key": "payments-under-this-agreement", "type": "clause", "offset": [1073, 1102]}, {"key": "buyer-shall", "type": "clause", "offset": [1163, 1174]}, {"key": "payments-required", "type": "definition", "offset": [1184, 1201]}, {"key": "after-seller", "type": "definition", "offset": [1298, 1310]}, {"key": "right-to-off", "type": "clause", "offset": [1586, 1598]}, {"key": "to-request", "type": "clause", "offset": [1705, 1715]}, {"key": "seller-return", "type": "definition", "offset": [1721, 1734]}, {"key": "seller-shall", "type": "clause", "offset": [1758, 1770]}, {"key": "within-thirty", "type": "clause", "offset": [1774, 1787]}, {"key": "during-the-period", "type": "clause", "offset": [2031, 2048]}, {"key": "third-party", "type": "definition", "offset": [2116, 2127]}, {"key": "cost-of", "type": "clause", "offset": [2154, 2161]}, {"key": "accounting-period", "type": "definition", "offset": [2182, 2199]}], "snippet": "At the request and expense (except as provided below) of Seller, Buyer and its Affiliates shall permit an independent, nationally recognized certified public accountant appointed by Seller and reasonably acceptable to Buyer, at reasonable times and upon reasonable notice, to examine those records and all other material documents relating to or relevant to Net Sales or Adjusted Gross Margin in the possession or control of Buyer and/or its Affiliates, for a period of two calendar years after such Milestone Payments or Royalties have accrued. Said accountant must agree to reasonable confidentiality terms before having access to the books and records of B\u2587\u2587\u2587\u2587. Said accountant shall not disclose to Seller any information other than information relating to said reports, Milestone Payments, Royalties, and related payments made or owed by Buyer to Seller. Results of any such examination shall be made available to both Parties. If, as a result of any inspection of the books and records of Buyer or its Affiliates it is shown that Buyer\u2019s Milestone Payment or Royalty payments under this Agreement were less than the amount which should have been paid, then Buyer shall make all payments required to be made to eliminate any discrepancy revealed by said inspection within forty-five (45) days after Seller\u2019s demand therefore. If, as a result of any inspection of the books and records of Buyer or its Affiliates it is shown that Buyer\u2019s Milestone Payments or Royalty payments under this Agreement were in excess of the amount which should have been paid, then Buyer shall have the right to off-set the amount of such excess against any future Milestone Payments or Royalty payments made to Seller or to request that Seller return any such excess, which Seller shall do within thirty (30) days of such request. Furthermore, if the Milestone Payments or Royalty payments were less than the amount which should have been paid by an amount in excess of ten percent (10%) of the Milestone Payment or Royalty payments actually made during the period in question, B\u2587\u2587\u2587\u2587 shall also reimburse Seller for the reasonable, third party, auditable, out-of-pocket cost of such inspection. No accounting period may be audited by Seller more than once.", "hash": "454e14fb865040ecb2e337a6b52c02b9", "id": 8}, {"samples": [{"hash": "amDKgY1eml0", "uri": "/contracts/amDKgY1eml0#audit-request", "label": "Settlement Agreement", "score": 30.1903591156, "published": true}, {"hash": "1RD2XMvOMpG", "uri": "/contracts/1RD2XMvOMpG#audit-request", "label": "Settlement Agreement", "score": 26.2211761475, "published": true}, {"hash": "jcjs3eXcz3h", "uri": "/contracts/jcjs3eXcz3h#audit-request", "label": "Settlement Agreement", "score": 22.6112251282, "published": true}], "size": 6, "snippet_links": [{"key": "state-of-michigan", "type": "clause", "offset": [4, 21]}, {"key": "the-office", "type": "clause", "offset": [36, 46]}, {"key": "auditor-general", "type": "definition", "offset": [50, 65]}, {"key": "financial-and-performance-audits", "type": "clause", "offset": [84, 116]}, {"key": "department-of-environmental-quality", "type": "definition", "offset": [133, 168]}, {"key": "administration-of-the", "type": "clause", "offset": [171, 192]}], "snippet": "The State of Michigan shall request the Office of Auditor General to conduct annual financial and performance audits of the Michigan Department of Environmental Quality\u2019s administration of the reimbursements or payments described in Paragraph 23.", "hash": "c7c7af6dfc8600eb63ca8c71a2c26154", "id": 5}], "next_curs": "ClYSUGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjILEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhZhdWRpdC1yZXF1ZXN0IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"size": 280, "parents": [["payments-and-reports", "Payments and Reports"], ["records-audit-rights", "Records Audit Rights"], ["relevant-records", "Relevant Records"], ["royalty-payments-and-reports", "Royalty Payments and Reports"], ["record-keeping-and-audits", "Record Keeping and Audits"]], "title": "Audit Request", "children": [["relationship-of-parties", "Relationship of Parties"], ["notices", "Notices"], ["force-majeure", "Force Majeure"], ["term", "Term"], ["waiver", "Waiver"]], "id": "audit-request", "related": [["audit-requirement", "Audit Requirement", "Audit Requirement"], ["annual-audit-report", "Annual Audit Report", "Annual Audit Report"], ["draw-request", "Draw Request", "Draw Request"], ["audit-requirements", "Audit Requirements", "Audit Requirements"], ["request-for-review", "Request for Review", "Request for Review"]], "related_snippets": [], "updated": "2026-05-06T04:38:42+00:00", "also_ask": ["What limitations or notice periods should be negotiated to protect against disruptive audits?", "Which party bears the costs of audits, and how can this be strategically allocated?", "What access rights and confidentiality safeguards are essential in drafting this clause?", "How do audit rights in this clause compare to industry standards or statutory requirements?", "What are the main enforceability challenges courts have identified with audit request clauses?"], "drafting_tip": "Specify audit notice periods and permitted frequency to prevent unreasonable disruption; define scope and access rights to protect confidential information; require cost allocation to ensure fairness.", "explanation": "The Audit Request clause grants one party the right to formally request an audit of the other party\u2019s records or operations relevant to the agreement. Typically, this clause outlines the process for making such a request, including notice requirements, scope of the audit, and any limitations on frequency or confidentiality. Its core function is to ensure transparency and accountability by allowing verification of compliance with contractual obligations or financial terms."}, "json": true, "cursor": ""}}