Common use of Self-Audit Clause in Contracts

Self-Audit. Each Party (the “Audited Party”) shall annually perform a detailed and accurate review of all data uses and retention practices allowed under this Addendum, and other applicable agreement(s), including maintenance of appropriate records and documentation necessary to provide verification to the other Party (the “Auditing Party”) that its use and deletion of accessed data is aligned with the purposes described within this Addendum, and other applicable agreement(s). All such records shall be kept for at least two years or for such longer period as may be required by applicable Law. Promptly after any request by the Auditing Party, the Audited Party shall provide such information, in such manner as agreed to by the Parties. Each Party shall bear its own costs and expenses in connection with such audit.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement (PayPal Holdings, Inc.)