Cost of Audits, Reviews or Evaluations Clause Samples

The 'Cost of Audits, Reviews or Evaluations' clause defines which party is responsible for paying the expenses associated with financial or performance audits, reviews, or evaluations conducted under the agreement. Typically, this clause specifies whether the audited party or the auditing party bears the costs, and may outline circumstances where costs are shared or shifted, such as when significant discrepancies are discovered. Its core function is to allocate financial responsibility for these oversight activities, thereby preventing disputes and ensuring transparency in the audit process.