Common use of Performance Audits Clause in Contracts

Performance Audits. CVT shall have the right to audit Innovex's performance of obligations as set forth in this Article 4, including other provisions regarding Pre-Approval Marketing Activities and Post-Approval Marketing Activities and as described in the Schedules attached hereto (generally describing the activities of the Parties) for the purpose of evaluating and monitoring conformance to the terms and conditions of this Agreement. Such audits shall occur during regular business hours and upon reasonable notice, shall not interfere with Innovex activities, and shall be conducted at CVT's expense. In the event an outside auditor is hired to conduct an audit pursuant to this Section 4.9, such auditor shall be one reasonably acceptable to Innovex and expressly subject to the same confidentiality provisions as apply to the Parties hereunder.