Common use of Records, Reporting Clause in Contracts

Records, Reporting. The Parties will maintain complete, current and accurate records of all Development activities conducted in the Territory by or on behalf of it or its Affiliates, contractors or sublicensees, and all data and other information resulting from such activities consistent with its standard practices in accordance with all Applicable Laws; provided that Hansoh will be solely responsible for the maintenance of such records related to any services or assistance provided to Viela pursuant to the Development Plan in accordance with this Section 3.5. Such records shall fully and properly reflect all work done and results achieved in the performance of the Development activities in good scientific manner appropriate for regulatory and patent purposes. Within [***] ([***]) [***] of [***], the Parties will submit periodic reports to the JCC summarizing in reasonable detail all activities related to the Development of the Licensed Product in the Field in the Territory during the preceding [***] ([***]) [***] period; provided that any such report by Viela need not include the details of any services or assistance provided to Viela by Hansoh. Such report will include a summary of the results of Clinical Trials in connection with Regulatory Approvals for the Licensed Product in the Territory.