Common use of Accounting, Bookkeeping and Records Clause in Contracts

Accounting, Bookkeeping and Records. The Marketer shall maintain at its Business premises in the Territory all original invoices, receipts, checks, contracts, licenses, acknowledgement of receipt forms and bookkeeping and business records as the Franchisor may require from time to time. The Marketer shall furnish to the Franchisor, within 90 days after the end of the Marketer's fiscal year, a balance sheet and profit and loss statement for the Marketer's Business for such year (or monthly or quarterly statements if required by the Franchisor, in which case such statements shall also reflect year-to-date information). In addition, upon request of the Franchisor, within 10 days after such returns are filed, exact copies of federal and state income, sales and any other tax returns and such other forms, records, books and other information as the Franchisor may periodically require regarding the Marketer's Business shall be furnished to the Franchisor. The Marketer shall maintain all records and reports of the Business conducted pursuant to this Agreement for at least two years after the date of termination or expiration of this Agreement.