Discrepancy. (a) If the audit referred to in clause 6.2 reveals an underpayment or outstanding amounts owed to the Licensor of 7% or more of Fees in a Financial Year: (i) the Licensee must promptly pay the Licensor the outstanding amount; and (ii) the Licensee must pay the Licensor the Licensor's reasonable costs for performing the audit.
Appears in 3 contracts
Sources: Licence Agreement, Licence Agreement (Exclusive Commercialisation), Licensing Agreement