Common use of Sales Records Clause in Contracts

Sales Records. Distributor shall prepare accurate and orderly business and accounting records concerning its inventories and sales of the Products. Distributor shall maintain these records for a period of at least two years after the Contract Quarters to which they apply. Distributor shall provide Manufacturer with copies of such records within fifteen (15) days of any written request by Manufacturer. Manufacturer may request, and Distributor agrees to comply with such request, an audit of Distributor's sales records for the purpose of verifying the accuracy of Manufacturer's price charged to Distributor through out the life of the Agreement. Manufacturer will be responsible for the cost of such audit provided that Distributor's records reflect actual end user sales to within 98%. In the event that the audit reveals accuracy of such records to be lower than 98%, Distributor will bare the cost of such audit.