Common use of Record Retention Period Clause in Contracts

Record Retention Period. Buyer and Seller agree to retain or cause to be retained all books and records pertinent to the Purchased Assets relating to Tax matters until the expiration of the applicable period for assessment under applicable law (giving effect to any and all extensions or waivers), and, if relating to other than Tax matters, for the period specified under such retaining Party’s document retention policy or, if longer, the longest period specified under applicable Legal Requirements.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Neos Therapeutics, Inc.)

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Record Retention Period. Buyer Purchasers and Seller Sellers agree to retain or cause to be retained all books and records pertinent to the Purchased Assets relating to Tax matters until the expiration of the applicable period for assessment under applicable law Law (giving effect to any and all extensions or waivers), and, if relating to other than Tax matters, for the period specified under such retaining Party’s document retention policy or, if longer, the longest period specified under applicable Legal Requirementslegal requirements.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Pernix Therapeutics Holdings, Inc.)

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Record Retention Period. Buyer Purchasers and Seller Sellers agree to retain or cause to be retained all books and records pertinent to the Purchased Assets relating to Tax matters until the expiration of the applicable period for assessment under applicable law Law (giving effect to any and all extensions or waivers), and, if relating to other than Tax matters, for the period specified under such retaining Party’s document retention policy or, if longer, the longest period specified under applicable Legal Requirements.legal requirements. 8.17

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement

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