Common use of Self-Audit Clause in Contracts

Self-Audit. If Annexon conducts an independent audit of sales and royalties due from a sublicensee for a [***] in which [***] sales of Licensed Product are over $[***], then to the extent the audit will address, the amount of gross sales by or on behalf of Annexon’s sublicensee during the audit period, the amount of funds owed to Stanford under this Agreement, and whether the amount owed has been paid to Stanford and is reflected in the records of the Annexon, Annexon will submit the auditor’s report promptly to Stanford upon completion and acceptance by Annexon. As between the parties, Annexon [***] of the audit.