Common use of Royalty Audit Clause in Contracts

Royalty Audit. GENENCOR may, no more than one time per calendar year, have an independent representative of a certified public accounting firm inspect and audit the accounts, records, and reports generated by or for DUPONT relating to the manufacture of Compound X and all other facts or matters relating to the calculation of royalties due hereunder; provided, however, that the independent representative identified by GENENCOR seeking such review is approved by DUPONT, which approval shall not be unreasonably withheld, such review will be only during normal business hours, and such review will be at the sole expense of GENENCOR. The independent certified public accountant shall not disclose to GENENCOR any financial information except as necessary with respect to the accuracy of reports and payments made under this Agreement. In the event that such accountant concludes that discrepancies exist between the royalties paid and the royalties actually due, such discrepancies will be promptly corrected. 10 11 DuPont, Genencor Collaborative R&D Agreement