Common use of Compliance Checks Clause in Contracts

Compliance Checks. 16.1 Buyer agrees that Supplier shall have the right to audit any computer system, on which the Software is installed, in order to verify compliance with this Agreement provided that any such audit must be conducted by independent third-party auditors mandated by Supplier not being competitors of the Buyer. Audits may only take place upon reasonable advance notice, during Xxxxx’s regular business hours and, without cause, only once every twelve months. The independent auditors shall only be allowed to inform Supplier whether the Buyer is in compliance with this Agreement or not; they shall be strictly obliged neither to reveal to Supplier nor to any third party the Buyer’s trade secrets, business information having a confidential nature and other non-public information learned in the course of any audit. Buyer may request proof that the foresaid provisions are met before permitting an audit to take place.

Compliance Checks. 16.1 Buyer agrees that Supplier shall have the right to audit any computer system, on which the Software is installed, in order to verify compliance with this Agreement provided that any such audit must be conducted by independent third-party auditors mandated by Supplier not being competitors of the Buyer. Audits may only take place upon reasonable advance notice, during Xxxxx’s regular business hours and, without cause, only once every twelve months. The independent auditors shall only be allowed to inform Supplier whether the Buyer is in compliance with this Agreement or not; they shall be strictly obliged neither to reveal to Supplier nor to any third party the Buyer’s trade secrets, business information having a confidential nature and other non-public information learned in the course of any audit. Buyer may request proof that the foresaid provisions are met before permitting an audit to take place.