/Docs/G/NIH-License-Patent-Exclusive-CmA/Sec/RecordKeeping/0.md
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{- "edges" : [ "data" {
- "Ti" : "Record Keeping" ,
"1.sec" : "", "_Licensee", " agrees to keep accurate and correct records of the ", "_Licensed_Products", " made, used, sold, or imported and the ", "_Licensed_Processes", " practiced under ", "_this_Agreement", " appropriate to determine the amount of royalties due ", "_IC", "." ,
"2.sec" : "These records shall be retained for at least ", "Retain.Period.span", " following a given reporting period and shall be available during normal business hours for inspection, at the expense of ", "_IC", ", by an accountant or other designated auditor selected by ", "_IC", " for the sole purpose of verifying reports and royalty payments hereunder." ,
"3.sec" : "The accountant or auditor shall only disclose to ", "_IC", " information relating to the accuracy of reports and royalty payments made under ", "_this_Agreement", "." ,
"4.sec" : "If an inspection shows an underreporting or underpayment in excess of ", "Underreport.Threshold.%", " for any twelve (12) month period, then ", "_Licensee", " shall reimburse ", "_IC", " for the cost of the inspection at the time ", "_Licensee", " pays the unreported royalties, including any additional royalties as required by Paragraph 9.8." ,
"5.sec" : "All royalty payments required under this Paragraph shall be due within sixty (60) days of the date ", "_IC", " provides to ", "_Licensee", " notice of the payment due." ,
"Retain.Period.span" : "five (5) years" ,
"Underreport.Threshold.%" : "five percent (5%)" ,
}
}