Common use of Books and Records; Audits Clause in Contracts

Books and Records; Audits. Licensee shall prepare and maintain, in such manner as shall allow its accountants to audit same in accordance with generally accepted accounting principles, complete and accurate books of account and records (specifically including without limitation the originals or copies of documents supporting entries in the books of account) covering all transactions arising out of or relating to this Agreement. The Company and its duly authorized representatives have the right, during regular business hours, for the duration of this Agreement and for two (2) years thereafter, to audit said books of account and records and examine all other documents and material in the possession or under the control of Licensee with respect to the subject matter and the terms of this Agreement, including, without limitation, invoices, credits and shipping documents. All such books of account, records and documents shall be kept available by Licensee for at least two (2) years after the end of the Annual Period to which they relate.

Books and Records; Audits. 11.1 Licensee shall prepare and maintain, in such manner as shall will allow its accountants to audit same in accordance with generally accepted accounting principles, complete and accurate books of account and records (specifically including without limitation the originals or copies of documents supporting entries in the books of account) covering all transactions arising out of or relating to this Agreement. The Company Licensor and its duly authorized representatives have the right, during regular business hours, hours and after 48 hours prior notice for the duration of this Agreement and for two three (23) years thereafter, to audit said books of account and records and examine all other documents and material in the possession or under the control of Licensee with respect to the subject matter and the terms of this Agreement, including, without limitation, invoices, invoices credits and shipping documents. All such books of account, records and documents shall be kept available by Licensee for at least two three (23) years after the end of the Annual Period to which they relate.

Books and Records; Audits. The Licensee shall prepare and maintain, in such manner as shall allow its accountants to audit same in accordance with generally accepted accounting principles, true, complete and accurate correct books of account and records (specifically including without limitation the originals or copies of documents supporting entries in the books of account) covering all transactions arising out of or relating to this Agreementagreement. The Company Licensor and its duly authorized representatives shall have the right, during regular business hours, for hours and upon reasonable notice to the duration of this Agreement and for two (2) years thereafterLicensee, to audit said audit, examine and make copies, at the Licensor's cost and expense, the books of account and records of the Licensee and examine all other documents and material materials in the possession or under the control of the Licensee with respect relating to the subject matter and the terms of this Agreement, including, without limitation, invoices, credits and shipping documentsagreement. All such the books of account, account and records and documents shall be kept available by the Licensee for at least two (2) three years after the end of the Annual Period calendar year to which they relate.