Common use of Acquirer Clause in Contracts

Acquirer. shall keep accurate and complete books and records concerning any Licensed Products Sold under this Agreement and all data that are relevant for the calculation of the royalty. The books and records shall include, without limitation, the date of the transaction involving Sales of Licensed Products, the number of items Sold, Net Proceeds received, and any other data, including supporting information sufficient to evidence the accuracy of royalty statements sent to Siemens in accordance with Article 6.

Appears in 2 contracts

Sources: Technology Transfer, Technical Cooperation and License Agreement (Opgen Inc), Technology Transfer, Technical Cooperation and License Agreement (Opgen Inc)