Common use of Inventory Counts Clause in Contracts

Inventory Counts. Physical inventory counts of all Bulk Active shall be taken by B▇▇▇▇▇ at the end of each Calendar Month, reconciled to B▇▇▇▇▇’▇ books and perpetual records, and promptly reported to Guilford in a form and level of detail specified in the Quality Agreement. Data trail/accountability information will be kept by B▇▇▇▇▇ for all receipts and disbursements of Bulk Active in accordance with the Quality Agreement. All inventories of Bulk Active will be subject to audit by Guilford in accordance with the Quality Agreement.

Appears in 2 contracts

Sources: Manufacturing Agreement (Guilford Pharmaceuticals Inc), Manufacturing Agreement (Guilford Pharmaceuticals Inc)