Right of Auditing. Contractor shall maintain complete records relating to any cost-based (i.e., Work not covered by firm prices) components of the Work billed under this Agreement or relating to the quantity of units billed under any unit price provisions of this Agreement (all the foregoing hereinafter referred to as “Records”) for a minimum of five years following the latest of performance of, delivery to Company of, or payment by Company for, such Work or units. All such Records shall be open to inspection and subject to audit and reproduction during normal working hours, by Company or its authorized representatives to the extent necessary to adequately permit evaluation and verification of any invoices, payments, time sheets, or claims based on Contractor’s actual costs incurred in the performance or delivery of Work under this Agreement. For the purpose of evaluating or verifying such actual or claimed costs, Company or its authorized representative shall have access to said Records at any time, including any time after final payment by Company to Contractor pursuant to this Agreement. All non-public information obtained in the course of such audits shall be held in confidence except pursuant to judicial and administrative order. Company or its authorized representative shall have access, during normal working hours, to all necessary Contractor facilities and shall be provided adequate and appropriate workspace to conduct audits in compliance with the provisions of this Article. Company shall give Contractor reasonable notice of intended audits. The rights of Company set forth in this paragraph shall survive the termination or expiration of this Agreement.
Right of Auditing. Each party shall have the costs and proceeds relevant to the Agreement confirmed by a certified auditor of its choice upon the other party's request. Art. 19 - Transfer of the Agreement / Participation of Third Parties
Right of Auditing. Licensor, or its duly authorised representative, shall have the right at its own expense to examine, audit and make copies of such books and records and all other documents and materials with respect to the subject matter and the terms of this Agreement. Such examination and audit shall be carried out upon reasonable notice and at Agent's office during regular business hours. Such right survives the Term of this Agreement for a period of (2) years following the expiration of this Agreement or termination hereof. If a review of Agent's records indicates a discrepancy of five (5) percent or more, Agent shall pay Licensor's auditing fees and expenses in addition to any other payment due.
