Common use of AUDIT OWNERSHIP OF DOCUMENTS Clause in Contracts

AUDIT OWNERSHIP OF DOCUMENTS. 10.01 All products, works, appurtenances, excess materials, parts and the like either purchased, constructed or developed by CONSULTANT in connection with the performance of work assigned to it by WESTERN shall become the sole property of WESTERN, and CONSULTANT shall promptly transfer ownership of all such items to WESTERN. CONSULTANT may retain copies of documents at its option. CONSULTANT shall retain its rights in its proprietary property. 10.02 CONSULTANT shall retain and maintain, for a period of not less than four (4) years following termination of this Agreement, all time records, accounting records and vouchers and all other records with respect to all matters concerning work performed, compensation paid and expenses reimbursed. At any time during normal business hours and as often as WESTERN may deem necessary, CONSULTANT shall make available to WESTERN’s agents for examination all of such records and will permit WESTERN’s agents to audit, examine and reproduce such records. No such records shall be destroyed without their first being offered to WESTERN.

AUDIT OWNERSHIP OF DOCUMENTS. 10.01 All products, works, appurtenances, excess materials, parts and the like either purchased, constructed or developed by CONSULTANT in connection with the performance of work assigned to it by WESTERN shall become the sole property of WESTERN, and CONSULTANT shall promptly transfer ownership of all such items to WESTERN. CONSULTANT may retain copies of documents at its option. CONSULTANT shall retain its rights in its proprietary property. 10.02 . CONSULTANT shall retain and maintain, for a period of not less than four (4) years following termination of this Agreement, all time records, accounting records and vouchers and all other records with respect to all matters concerning work performed, compensation paid and expenses reimbursed. At any time during normal business hours and as often as WESTERN may deem necessary, CONSULTANT shall make available to WESTERN’s agents for examination all of such records and will permit WESTERN’s agents to audit, examine and reproduce such records. No such records shall be destroyed without their first being offered to WESTERN.