Common use of Audit Compliance Clause in Contracts

Audit Compliance. 7.1 End-User shall keep a complete and accurate audit trail of all financial and non-financial transactions (including but not limited to records required to be provided as set forth in 7.3 below) relating to this Data License Agreement and shall retain the same for a period of five (5) years. End-User shall grant the Solutions Provider and/or its applicable licensors and/or their agents reasonable accompanied access upon reasonable prior notice, during working hours, to its premises, accounts, records and computer systems relevant to this Data License Agreement for the purposes of verifying and monitoring the End-User’s compliance with its obligations under this Data License Agreement (the “Audit”) and shall provide all reasonable cooperation and assistance in relation to the Audit. Solution Provider and/or its licensors shall not carry out an Audit more than once in any twelve (12) month period except where it reasonably suspects that the End-User has failed to comply with any of its obligations under this Data License Agreement.

Appears in 5 contracts

Samples: Data License Agreement, – Data License Agreement, – Data License Agreement

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