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 each AFFILIATED COMPANY and each 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 production and/or 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 seed of the LICENSED VARIETIES produced, the total amount of seed of the LICENSED VARIETIES sold, including specifically the amount of COMMERCIAL SEED sold and the amount of seed sold and/or disposed of without identity (under Paragraphs 4.4 and 6.5) and all invoices or shipping documents relating to such sales.

Appears in 3 contracts

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

AutoNDA by SimpleDocs

BOOKS, RECORDS AND RIGHT OF AUDIT. 8.1 CERES shall keep and shall cause each AFFILIATED COMPANY and each 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 production and/or 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 seed of the LICENSED VARIETIES VARIETY produced, the total amount of seed of the LICENSED VARIETIES VARIETY sold, including specifically the amount of COMMERCIAL SEED sold and the amount of seed sold and/or disposed of without identity (under Paragraphs 4.4 and 6.5) and all invoices or shipping documents relating to such sales.

Appears in 3 contracts

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

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.