Common use of Security Audit Clause in Contracts

Security Audit. During the term of the Contract, the Customer may, after giving at least two (2) weeks' prior written notice to the Service Provider, carry out or cause to be carried out, at its own expense, an audit of the operating conditions of the Solution and the Application Service, regarding the technical and security requirements set out in the Contract. If the customer wishes to use a third party to carry out the audit, the customer will be required to appoint an independent auditor who is not a competitor of the Service Provider in the SaaS market segment and who must be approved by the Service Provider. The auditor shall be bound by an undertaking of confidentiality. The scope of the audit shall be subject to an engagement letter accepted by the Parties, it being specified that the audit may not concern the financial, accounting or commercial data of the Contractor. The Service Provider undertakes to cooperate in good faith with the auditor by providing the auditor with such information as is reasonably necessary for the conduct of the audit. The audit shall be carried out at the premises of the Service Provider or at the place where the services are performed during the Service Provider's normal working hours without disrupting the Service Provider's activities. A copy of the auditor's audit report will be provided to the Parties and will be subject to cross-examination. If the findings of the audit reveal non-compliance with the Contractor's obligations under the Contract, the Contractor shall take the necessary steps to remedy the non-compliance within a reasonable period.

Security Audit. During the term of the ContractLicense Agreement, the Customer Licensee may, after giving at least two (2) weeks' prior written notice to the Service ProviderLicensor, carry out or cause to be carried out, at its own expense, an audit of the operating conditions of the Solution and the Application Service, regarding the technical and security requirements set out in the ContractLicense Agreement. If the customer Licensee wishes to use a third party to carry out the audit, the customer Licensee will be required to appoint an independent auditor who is not a competitor of the Service Provider Licensor in the SaaS market segment and who must be approved by the Service ProviderLicensor. The auditor shall be bound by an undertaking of confidentiality. The scope of the audit shall be subject to an engagement letter accepted by the Parties, it being specified that the audit may not concern the financial, accounting or commercial data of the Contractor. The Service Provider Licensor undertakes to cooperate in good faith with the auditor by providing the auditor with such information as is reasonably necessary for the conduct of the audit. The audit shall be carried out at the premises of the Service Provider Licensor or at the place where the services are performed during the Service ProviderLicensor's normal working hours without disrupting the Service ProviderLicensor's activities. A copy of the auditor's audit report will be provided to the Parties and will be subject to cross-examination. If the findings of the audit reveal non-compliance with the ContractorLicensor's obligations under the Contract, the Contractor shall take the necessary steps to remedy the non-compliance within a reasonable period.the