DUTY TO KEEP ACCOUNTS. LICENSEE shall at all times keep and maintain an accurate account of all operations within the scope of this Agreement for a period of at least four (4) years after the expiration or termination of this Agreement, including, without limitation, separate and appropriate books of account and records sufficient to reconcile the number of Product units manufactured with the number of Product units sold. LICENSEE shall establish a separate income statement and separate books of account to track the sales of the Products.
Appears in 3 contracts
Samples: Agreement (Parlux Fragrances Inc), Trademark License Agreement (Parlux Fragrances Inc), Agreement (Parlux Fragrances Inc)
DUTY TO KEEP ACCOUNTS. LICENSEE shall at all times keep and maintain an accurate account of all operations within the scope of this Agreement for a period of at least four (4) years after the expiration or termination date of this Agreementsuch information, including, without limitation, separate and appropriate books of account and records sufficient to reconcile the number of Product units manufactured with the number of Product units sold. LICENSEE shall establish a separate income statement and separate books of account to track the sales of the Products.
Appears in 1 contract
Samples: Manufacturing License Agreement (Tag It Pacific Inc)
DUTY TO KEEP ACCOUNTS. LICENSEE shall at all times keep and maintain an accurate account of all operations within the scope of this Agreement for a period of at least four two (42) years after the expiration or termination date of this Agreementsuch information, including, without limitation, separate and appropriate books of account and records sufficient to reconcile the number of Licensed Product units manufactured with the number of Licensed Product units sold. LICENSEE shall establish a separate income statement and separate books of account to track the sales of the Licensed Products.
Appears in 1 contract
DUTY TO KEEP ACCOUNTS. LICENSEE shall at all times keep and maintain an accurate account of all operations within the scope of this Agreement for a period of at least four three (43) years after the expiration or termination date of this Agreementsuch information, including, without limitation, separate and appropriate books of account and records sufficient to reconcile the number of Product units manufactured with the number of Product units sold. LICENSEE shall establish a separate income statement and separate books of account to track the sales of the Products.
Appears in 1 contract
Samples: License Agreement (Nimbus Group Inc)