Terms and Conditions of Contracts for Projects from POME by Gautam Koppala VT

a customer gain access to company-sensitive information including specific manufacturing techniques, proprietary processes and controls, internal financial data, etc.  Additionally, all audit rights should be limited in scope to non-proprietary areas of the Organization’s facilities and should be exercised only during normal business hours and with proper pre-notification.

When audit rights are provided for in a contract, the Audit clause should provide that all audit rights and findings be:

limited in scope and fully defined as to what exactly can be audited and only to determine compliance with the terms of the agreement
pre-coordinated between the parties
completed during normal business hours
restricted to non-proprietary areas only
held in confidence between the parties with no right of the buyer to disclose such findings outside of their own

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