Supporting Documents Right to Audit Inspection of Records Sample Clauses

The "Supporting Documents; Right-to-Audit; Inspection of Records" clause grants one party the right to review and audit the records and supporting documents of the other party related to the agreement. In practice, this means the party with audit rights can request access to invoices, receipts, and other documentation to verify compliance with contractual obligations, often with advance notice and during normal business hours. This clause ensures transparency and accountability, helping to prevent fraud, mismanagement, or errors by allowing for independent verification of reported information.