Common use of Records and Audit Rights Clause in Contracts

Records and Audit Rights. (i) Each Party shall keep complete, true and accurate books and records in accordance with internationally recognized accounting standards in relation to this Agreement, including, with respect to Buyer, in relation to Net Sales and Sales Related Payments. Each Party will keep such books and records for at least [***] following the [***] to which they pertain.

Appears in 6 contracts

Samples: Bps804 Asset Purchase Agreement (Mereo Biopharma Group PLC), Bct197 Asset Purchase Agreement (Mereo Biopharma Group PLC), Bct197 Asset Purchase Agreement (Mereo Biopharma Group PLC)

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Records and Audit Rights. (i) Each Party shall keep complete, true and accurate books and records in accordance with internationally recognized accounting standards in relation to this Agreement, including, with respect to Buyer, in relation to Net Sales and Sales Related Payments. Each Party will keep such books and records for at least [***] following the [***] to which they pertain. [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential Treatment has been requested with respect to the omitted portions.

Appears in 3 contracts

Samples: Bgs649 Asset Purchase Agreement (Mereo Biopharma Group PLC), Bgs649 Asset Purchase Agreement (Mereo Biopharma Group PLC), Bgs649 Asset Purchase Agreement (Mereo Biopharma Group PLC)

Records and Audit Rights. (ia) Each Party shall keep complete, true and accurate books and records in accordance with internationally recognized accounting standards its Accounting Standards in relation to this Agreement, including, with respect to BuyerNovartis, in relation to Net Sales and Sales Related Paymentsroyalties. Each Party will keep such books and records for at least [***] following the [***] Calendar Year to which they pertain.

Appears in 2 contracts

Samples: License and Collaboration Agreement (Molecular Partners Ag), License and Collaboration Agreement (Molecular Partners Ag)

Records and Audit Rights. (ia) Each Party shall keep complete, true and accurate financial books and records in accordance with internationally recognized accounting standards its Accounting Standards in relation to this Agreement, including, with respect to BuyerNovartis, in relation to Net Sales and Sales Related Paymentsroyalties, and, with respect to Legend, in relation to the Development Costs. Each Party will keep such books and records for at least [***] following the [***] to which they pertain].

Appears in 1 contract

Samples: License Agreement (Legend Biotech Corp)

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Records and Audit Rights. (ia) Each Party shall keep complete, true and accurate books and records in accordance with internationally recognized accounting standards its Accounting Standards in relation to this Agreement, including, with respect to BuyerNovartis, in relation to Net Sales and Sales Related Paymentsroyalties in sufficient detail to confirm the accuracy of such amounts. Each Party will keep such books and records for at least [***] following the [***] Calendar Quarter to which they pertain.

Appears in 1 contract

Samples: Research Collaboration and License Agreement (Genvec Inc)

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