Common use of BOOKS, RECORDS AND RIGHT OF AUDIT Clause in Contracts

BOOKS, RECORDS AND RIGHT OF AUDIT. 8.1 CERES shall keep and shall cause any SUBLICENSEE to keep accurate records of all production and sales of seeds of the LICENSED VARIETY in each country of the LICENSED TERRITORY where such sales are made. These records should include, at least, the number of acres of LICENSED VARIETY seed under production, the physical location of each LICENSED VARIETY production field owned or controlled by CERES, any AFFILIATED COMPANY or any SUBLICENSEE, the total amount of LICENSED VARIETY seed produced, the total amount of LICENSED VARIETY seed sold, including specifically the amount of COMMERCIAL SEED sold and the amount of seed sold and/or disposed of without identity (under Paragraph 6.4 and subject to royalties under Paragraph 7.2(e)) and all invoices or shipping documents relating to such sales.

Appears in 7 contracts

Samples: Agreement (Ceres, Inc.), Agreement (Ceres, Inc.), Agreement (Ceres, Inc.)

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BOOKS, RECORDS AND RIGHT OF AUDIT. 8.1 12.1 CERES shall keep and shall cause any AFFILIATED COMPANY and any SUBLICENSEE to keep accurate records of all production and sales of seeds of the LICENSED VARIETY in each country of the LICENSED TERRITORY where such sales are made. These records should include, at least, the number of acres of LICENSED VARIETY seed under production, the physical location of each LICENSED VARIETY production field owned or controlled by CERES, any AFFILIATED COMPANY or any SUBLICENSEE, the total amount of LICENSED VARIETY seed produced, the total amount of LICENSED VARIETY seed sold, including specifically the amount of COMMERCIAL SEED sold and the amount of seed sold and/or disposed of without identity (under Paragraph 6.4 10.4 and subject to royalties under Paragraph 7.2(e)) and all invoices or shipping documents relating to such sales.

Appears in 3 contracts

Samples: Agreement (Ceres, Inc.), Agreement (Ceres, Inc.), Production and License Agreement (Ceres, Inc.)

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