Common use of Settlement Data Clause in Contracts

Settlement Data. Party A agrees to keep true and complete daily sales data within the term hereof. Party A shall, within three (3) workdays after the beginning of each month, provide Party B with the previous month’s sales data and other information reasonably required by Party B in the format as stated in Schedule 1 hereto. Party B may, during the term of this Agreement and within two years after expiration or termination hereof, with prior written notice to Party A audit any information related to Party B’s licensed content in Party A’s account and sales record within the term hereof for the purpose of verifying sales data.

Appears in 2 contracts

Sources: Mobile Phone Video on Demand (Vod) Business Cooperation Agreement (You on Demand Holdings, Inc.), Mobile Phone Video on Demand (Vod) Business Cooperation Agreement (You on Demand Holdings, Inc.)