Common use of Records of Sales Clause in Contracts

Records of Sales. During the term of this Agreement and for a period of three (3) years thereafter, LICENSEE shall keep at its principal place of business true and accurate records of all Sales in accordance with general accepted accounting principles in the respective country where such Sales occur and in such form and manner so that all royalties owed to MCGRI may be readily and accurately determined. LICENSEE shall furnish MCGRI copies of such records upon MCGRI’s request, which shall not be made more often than once per License Agreement Year.

Appears in 6 contracts

Samples: License Agreement (Targacept Inc), License Agreement (Targacept Inc), Stock Subscription Agreement (Newlink Genetics Corp)

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