Common use of Sales Data Clause in Contracts

Sales Data. Each Party shall, on a quarterly basis, between thirty (30) and sixty (60) days after the applicable quarter, report to the other Party its sales of Covered Products broken down by product type. Such sales data shall only be provided to those with a need to know such data and shall be deemed to be “Confidential Information” as defined in Section 15.1. Under no circumstances shall such data be disclosed to individuals with price setting responsibilities. Each Party shall have the right, not more than once in a 12-month period, to have an accounting firm reasonably acceptable to both Parties solely to confirm the other Party’s sales of Covered Products at the reviewing Party’s expense, and solely to confirm the sales of the Covered Product by product type and report overages and underages of such. The accounting firm shall execute nondisclosure agreements with each Party that prevents any additional disclosure.