Common use of Record Keeping and Audit Clause in Contracts

Record Keeping and Audit. During the term of this Agreement and for a period of three (3) years thereafter, both parties to the Agreement will use reasonable efforts at all times to ensure that they maintain accurate books, files and records relevant to this Agreement. At the Pharmaceutical Manufacturer’s written request, the Department will make such information available for inspection by the Pharmaceutical Manufacturer representatives or its designated auditors during regular business hours. Upon written request, each party will otherwise have the right to inspect, up to once each year, all such relevant books and records of the other party to verify compliance with the terms of this Agreement.

Record Keeping and Audit. During the term of this Agreement and for a period of three (3) years thereafter, both parties to the Agreement will shall use reasonable efforts at all times to ensure that they maintain accurate books, files and records relevant to this Agreement. At the Pharmaceutical Manufacturer’s written request, the Department will State shall make such information available for inspection by the Pharmaceutical Manufacturer representatives or its designated auditors during regular business hours. Upon written request, each party will shall otherwise have the right to inspect, up to once each year, all such relevant books and records of the other party to verify compliance with the terms of this Agreement.