Independent Accounting Firm definition
Examples of Independent Accounting Firm in a sentence
Any discussions between ▇▇▇▇▇▇ and Purchaser or any of their respective Representatives prior to the submission of any Disputed Item to the Independent Accounting Firm will be subject to Rule 408 of the Federal Rules of Evidence and any similar state Laws.
The parties will negotiate in good faith to resolve any differences between the draft Purchaser Valuation and the draft Seller Valuation, and if they cannot resolve any differences within fifteen (15) days, shall submit any differences to a third nationally recognized valuation firm for review and resolution (in accordance with the procedures for an Independent Accounting Firm set forth in Section 2.6).
The fees and expenses of the Independent Accounting Firm shall be allocated between Buyer, on the one hand, and Seller, on the other hand, based upon the percentage which the portion of the contested amount not awarded to each party bears to the amount actually contested by such party.
The allocation of such fees and expenses shall be determined by the Independent Accounting Firm in accordance with the foregoing sentence, which shall be, absent fraud or manifest error, final, binding and conclusive on the parties.
The Independent Accounting Firm shall, within thirty (30) days of the submission thereto, determine the Final Deferred Revenue Adjustment.