Record Retention: Royalties Sample Clauses

Record Retention: Royalties. Both GSK and Genmab shall maintain (and shall procure that their Affiliates and sublicensees maintain) accurate books and records which enable the verification of the calculation of royalties payable hereunder, and of royalties payable by [***] to [***] under the [***] with respect to the sale by GSK, its Affiliates or sublicensees of Product. Both Genmab and GSK shall retain (and shall procure that their Affiliates and sublicensees retain) the books and records for each quarterly period for [***] after the submission of the corresponding report under Clause 19.5 or 19.6.