Audit Rights Clause for Intellectual Property License
(Pro-Licensee)

Summary

This Audit Rights Clause for Intellectual Property License agreement (e.g., patent, trademark, or copyright) provides for audits by the licensor to verify the accuracy of the licensee's royalty reports. The terms are pro-licensee and include certain limits on the licensor's right to conduct such audits. You may use this clause as a starting point in drafting an audit provision that places appropriate limits on the licensor's auditing rights.