LICENSEE’S BOOKS AND RECORDS. (a) Licensee shall maintain separate and appropriate books of account and records, of all its operations under or in connection with this Agreement all in accordance with generally accepted accounting principles (including, without limitation, a sales journal, sales return journal, cash receipt book, general ledger, purchase orders, cutting tickets, and inventory records) and shall make accurate entries concerning all transactions relevant to this Agreement.
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Samples: Purchase Agreement (Apparel Holding Corp.), Trademark License Agreement (Innovo Group Inc)
LICENSEE’S BOOKS AND RECORDS. (a) Books of Account. Licensee shall maintain separate and appropriate books of account and records, of all its operations under or in connection with this Agreement all in accordance with generally accepted accounting principles consistently applied (including, without limitation, a such as sales journaljournals, sales return journaljournals, cash receipt bookbooks, general ledgerledgers, purchase orders, cutting tickets, orders and inventory records) and shall make accurate entries concerning all transactions relevant to this Agreement.
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Samples: Laboratory Services License Agreement (Intellicell Biosciences, Inc.), Laboratory Services License Agreement (PAWS Pet Company, Inc.)
LICENSEE’S BOOKS AND RECORDS. (a) a. Licensee shall maintain separate and appropriate books of account and records, of all its operations under or in connection with this Agreement agreement all in accordance with generally accepted accounting principles GAAP (including, without limitation, a sales journal, sales return journal, cash receipt book, general ledger, purchase orders, cutting tickets, and inventory records) and shall make accurate entries concerning all transactions relevant to this Agreement.
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