|
|
![]() | ![]() | ![]() | ![]() |
| |||||||||
This excerpt taken from the ATVI 10-K filed Jun 14, 2007. 16.2 Audit Provisions. Publisher
shall keep full, complete, and accurate books of accounts and records covering
all transactions relating to this Agreement. Publisher shall preserve such
books of accounts, records, documents, and materials for a period of [***]
after the expiration or earlier termination of this Agreement. Acceptance by
the SCE Company of any accounting statement, purchase order, or payment
hereunder will not preclude the SCE Company from challenging or questioning the
accuracy thereof at a later time. In the event that the SCE Company reasonably
believes that the pricing information provided by Publisher with respect to any
Licensed Product is not accurate, the SCE Company shall be entitled to request
additional documentation from Publisher to support the pricing information
provided for such Licensed Product. In addition, during the Term and for a
period of [***] thereafter and upon the giving of reasonable prior written
notice to Publisher, at the SCE Companys expense, representatives of the SCE
Company shall be given access to, and the right to inspect, audit, and make
copies and summaries of and take extracts from, such portions of all books and
records of Publisher, and Publishers affiliates and branch offices, as pertain
to the Licensed Products and any payments due or credits received hereunder.
Any such audit shall take place during normal business hours and shall, at the
SCE Companys sole election, be conducted either by an independent certified
accountant or by an appropriately professionally qualified SCE Company
employee. In the event that such inspection reveals any under-reporting of any
payment due to the SCE Company, Publisher shall immediately pay the SCE Company
such amount. In the event that any audit conducted by the SCE Company reveals
that Publisher has under-reported any payment due to the SCE Company hereunder
by [***] or more for the relevant audit period, then in addition to the payment
of the appropriate amount due to the SCE Company, Publisher shall reimburse the
SCE Company for all reasonable audit costs for that audit and any and all
collection costs to recover any unpaid amounts.
|
| |||||||