RECORD INSPECTION AND AUDIT. A. LICENSOR shall have the right, upon reasonable notice, to inspect LICENSEE’s books and records and all other documents and material in LICENSEE’s possession or control with respect to the subject matter of this Agreement. LICENSOR shall have free and full access thereto for such purposes and may make copies thereof. In no event shall LICENSOR have the right to examine information with respect to LICENSEE’s costs, pricing formulas, or percentages of markup. LICENSEE shall impose similar obligations on its sublicensees for the benefit of itself and of LICENSOR.
Appears in 3 contracts
Samples: Patent License Agreement (Solei Systems, Inc.), Patent and Technology License Agreement (VerifyMe, Inc.), Patent and Technology License Agreement (Laserlock Technologies Inc)
RECORD INSPECTION AND AUDIT. A. LICENSOR shall have the right, upon reasonable notice, to inspect LICENSEE’s books and records and all other documents and material in LICENSEE’s possession or control with respect to the subject matter of this Agreement. LICENSOR shall have free and full access thereto for such purposes and may make copies thereof. In no event shall LICENSOR have the right to examine information with respect to LICENSEE’s costs, pricing formulas, or percentages of markup. LICENSEE shall impose similar obligations on its sublicensees for the benefit of itself and of LICENSOR.
Appears in 1 contract
Samples: Intellectual Property Nonexclusive License Agreement (Tru Shrimp Companies, Inc.)
