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On Contracts
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Drafting tip: Putting an “interest on past due amounts” clause in an “audit rights” provision might backfire
https://www.oncontracts.com/interest-in-audits-clause-a-bad-idea/
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Cellport Systems, Inc. won a lawsuit against Peiker, a German company, for unpaid patent royalties under a license agreement. The agreement included an audit provision that required …
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