Audit and Inspection Right and Obligation. Company shall have the right to audit and inspect the records of Distributor relating to this Agreement at any time upon request during normal business hours. In any event, Distributor shall conduct an internal audit at the end of each of its fiscal years of inventory of Product and sales records relating to this Agreement and provide to Company certified documentation of such audit. If any such audit reveals that any moneys are due Company, Distributor will immediately pay such amount to Company. Company shall further have the right to offset any payments due to Distributor under this Agreement by such amount.
Appears in 2 contracts
Sources: License Agreement, License Agreement (Inter Parfums Inc)