Common use of Royalty Reports and Audit Clause in Contracts

Royalty Reports and Audit. 10.1 The Licensee will provide the Licensor with a report at least once in every [*] outlining in reasonable detail having regard to the Development Plan the activities and achievements in its development of the Licensed Technology in order to facilitate its commercial exploitation, and in the development of potential Licensed Products.

Royalty Reports and Audit. 10.1 The Licensee will provide the Licensor with a report at least once in every [**] outlining in reasonable detail having regard to the Development Plan months detailing the activities and achievements in its development of the Licensed Technology in order to facilitate its commercial exploitation, and in the development of potential Licensed Products.