Equitable Accounting Clause Samples
The Equitable Accounting clause establishes a process for fairly determining the financial rights and obligations between parties, especially in situations where joint interests or shared resources are involved. In practice, this clause may require the parties to keep accurate records of income, expenses, or profits related to a shared venture, and to periodically reconcile these accounts to ensure each party receives their fair share. Its core function is to prevent disputes and ensure transparency by providing a clear mechanism for resolving financial imbalances or disagreements over shared assets.
POPULAR SAMPLE Copied 1 times
Equitable Accounting. Employer shall have the right to demand and receive equitable accounting with respect to any consideration received by Executive in connection with activities in breach of the restrictive covenants herein, and Employer shall be entitled to payment from Executive of such consideration on demand.
Equitable Accounting. Company shall have the right to demand and receive equitable accounting with respect to any consideration received by Executive in connection with activities in breach of the restrictive covenants herein, and Company shall be entitled to payment from Executive of such consideration on demand.
Equitable Accounting. Each member of the Company Group shall have the right to demand and receive equitable accounting with respect to any consideration received by Employee in connection with activities in breach of the restrictive covenants herein, and shall be entitled to payment from Employee of such consideration on demand.
Equitable Accounting. Employer shall have the right to demand and receive equitable accounting with respect to any consideration received by Employee in connection with activities in breach of the restrictive covenants herein, and Employer shall be entitled to payment from Employee of such consideration on demand.