Common use of For Cause Audits Clause in Contracts

For Cause Audits. Orchid shall also have the right to conduct “for-cause” audits to address significant product or safety concerns as discovered through Product failures related to Hospira’s manufacture of Products. Product failures would include issues related to stability out [***] Indicates that text has been omitted which is the subject of a confidential treatment request. This text has been separately filed with the SEC. of specification, sterility, labeling or container integrity. Orchid shall notify Hospira in writing in advance of the audit and thereafter, Hospira and Orchid shall mutually determine the timing of the audit. Each for-cause audit shall be limited to two (2) auditors for no more than two (2) days, except if the Parties mutually agree that a longer for-cause audit period is necessary.

Appears in 2 contracts

Sources: Business Transfer Agreement (Hospira Inc), Business Transfer Agreement (Hospira Inc)