Common use of Relevant Records Clause in Contracts

Relevant Records. LICENSEE shall keep, and will cause each of its Affiliates or sublicensees, as applicable, to keep, accurate books and records of accounting for the purpose of calculating all Milestone Payments and Royalties (collectively, “Fees”) (collectively, “Relevant Records”). For the three (3) years following the end of the Calendar Year to which each will pertain, such Relevant Records will be kept by LICENSEE or such Affiliate or sublicensee at each of their principal place of business.

Appears in 2 contracts

Sources: License Agreement (Clovis Oncology, Inc.), License Agreement (Clovis Oncology, Inc.)