Common use of Relevant Records Clause in Contracts

Relevant Records. LICENSEE shall maintain accurate financial books and records pertaining to and LICENSEE’s sale of the Product, including any and all calculations of the applicable Fees (collectively, “Relevant Records”). LICENSEE shall maintain the Relevant Records for the longer of: (a) the period of time required by Applicable Law, or (b) three (3) years following expiration or termination of this Agreement.

Appears in 2 contracts

Sources: License Agreement (Gemphire Therapeutics Inc.), License Agreement (Gemphire Therapeutics Inc.)

Relevant Records. LICENSEE shall maintain accurate financial books and records pertaining to the sublicensing of the Licensed Technology pursuant to Section 2.2 and LICENSEE’s sale of the Product, including any and all calculations of the applicable Fees each Product (collectively, “Relevant Records”). LICENSEE shall maintain the Relevant Records for the longer of: (a) the period of time required by Applicable Law, or (b) three two (32) years following expiration or termination of this Agreement.

Appears in 1 contract

Sources: License and Assignment Agreement (GTX Inc /De/)

Relevant Records. LICENSEE shall maintain accurate financial books and records pertaining to and LICENSEE’s sale of the Product, including any and all calculations of the applicable Fees Net Sales as well as reports received from sublicensees (collectively, “Relevant Records”). LICENSEE shall maintain the Relevant Records for the longer of: (a) the period of time required by Applicable Law, or (b) three (3) years following expiration or termination of this Agreement.

Appears in 1 contract

Sources: License Agreement (Gemphire Therapeutics Inc.)