Common use of RECORDKEEPING AND RECORD RETENTION Clause in Contracts

RECORDKEEPING AND RECORD RETENTION. Service Provider shall establish and maintain adequate records of all expenditures incurred under this Agreement. All records must be kept in accordance with generally accepted accounting principles (GAAP). All procedures must be in accordance with federal, state and local ordinances. Corporation shall have the right to audit, review, examine, copy, and transcribe any pertinent records or documents relating to any Purchase Order resulting from this Agreement held by the Service Provider. The Service Provider will retain all documents applicable to the Agreement for a period of not less than three (3) years after expiration or termination of this Agreement.

RECORDKEEPING AND RECORD RETENTION. Service Provider shall establish and maintain adequate records of all expenditures incurred under this Agreement. All records must be kept in accordance with generally accepted accounting principles (GAAP). All procedures must be in accordance with federal, state state, and local ordinances. Corporation shall have the right to audit, review, examine, copy, and transcribe any pertinent records or documents relating to any Purchase Order resulting from this Agreement held by the Service Provider. The Service Provider will retain all documents applicable to the Agreement for a period of not less than three (3) years after expiration or termination payment of this Agreementfinal invoice.