Common use of Separate Books and Records Clause in Contracts

Separate Books and Records. LICENSEE shall maintain separate and appropriate books of account and records sufficient to reconcile the number of units manufactured that are Licensed Products with the number of units sold, separated by the appropriate Channels of Distribution, all in accordance with generally accepted accounting principles.

Appears in 3 contracts

Sources: License Agreement (Genius Products Inc), Non Exclusive License Agreement (Genius Products Inc), License Agreement (Genius Products Inc)