Common use of INFORMATION; AUDITS Clause in Contracts

INFORMATION; AUDITS. Retailer and Supplier will cooperate and exchange information in good faith as reasonably required to account for and verify volumes and amounts. At all times Retailer and Supplier shall maintain accurate books and records containing information regarding the transactions and calculations contemplated by this Agreement sufficient to verify compliance with this Agreement. These books and records shall be kept in accordance with GAAP. Retailer and Supplier and their agents and representatives may examine the books and records of the other party relevant to this Agreement for the purpose of verifying compliance with this Agreement. Such examination shall be during business hours and upon not less than fifteen (15) business days prior written notice. The examination shall be at the examining party’s expense. Examination cannot be performed more often than quarterly and cannot include any periods more than eighteen (18) months prior to the examination.