Question: Consider the Franchise Agreement between Pizza Fusion Holdings, Inc. and Franchisee; What are the audit rights under this contract?
Relevant contract clauses:
[{"span": [45586, 45715], "answer": "We have the ongoing right to inspect any proposed supplier's facilities and to test samples of the proposed products or services.", "file_path": "cuad/PfHospitalityGroupInc_20150923_10-12G_EX-10.1_9266710_EX-10.1_Franchise Agreement1.txt"}, {"span": [46137, 46323], "answer": "We reserve the right to reinspect the facilities and products of any approved supplier and to revoke approval if we find that the supplier fails to meet any of our then-current criteria.", "file_path": "cuad/PfHospitalityGroupInc_20150923_10-12G_EX-10.1_9266710_EX-10.1_Franchise Agreement1.txt"}, {"span": [55442, 55720], "answer": "We have the right, at any time during normal business hours: (i) to conduct inspections of the Franchised Business; (ii) to interview your employees, work crews, and customers; and (iii) to review your business records, including those maintained electronically or off premises.", "file_path": "cuad/PfHospitalityGroupInc_20150923_10-12G_EX-10.1_9266710_EX-10.1_Franchise Agreement1.txt"}, {"span": [71896, 72019], "answer": "To permit us or our representatives to inspect your operations to assure that you are properly using the Proprietary Marks;", "file_path": "cuad/PfHospitalityGroupInc_20150923_10-12G_EX-10.1_9266710_EX-10.1_Franchise Agreement1.txt"}, {"span": [75982, 76153], "answer": "You agree to submit financial and operational reports and records and documents to us at the times and in the manner specified in the Manual or other written instructions.", "file_path": "cuad/PfHospitalityGroupInc_20150923_10-12G_EX-10.1_9266710_EX-10.1_Franchise Agreement1.txt"}, {"span": [77145, 77443], "answer": "If we request in writing, you agree that your financial institution is authorized to send us a monthly statement of all activity in the designated account (and such other reports of the activity in the operating account as we reasonably request) at the same time as it sends such statements to you.", "file_path": "cuad/PfHospitalityGroupInc_20150923_10-12G_EX-10.1_9266710_EX-10.1_Franchise Agreement1.txt"}, {"span": [77894, 78140], "answer": "We have the right, both during and after the Term of this Agreement, to inspect, copy and audit your books and records, your federal, state and local tax returns, and any other forms, reports, information or data that we may reasonably designate.", "file_path": "cuad/PfHospitalityGroupInc_20150923_10-12G_EX-10.1_9266710_EX-10.1_Franchise Agreement1.txt"}, {"span": [78247, 78386], "answer": "We may conduct the examination or audit at our offices or those of a third-party, in which case we may require you to send us your records.", "file_path": "cuad/PfHospitalityGroupInc_20150923_10-12G_EX-10.1_9266710_EX-10.1_Franchise Agreement1.txt"}, {"span": [78621, 79091], "answer": "If Gross Revenues have been understated by more than 2% for the period covered by the examination or audit, you must also: (1) reimburse us for the full reasonable cost of the examination or audit, including, travel, lodging, meals, and wages of our representatives and the legal and accounting fees of any attorneys or independent accountants we use for the examination or audit; and (2) at our request, thereafter provide us with periodic audited financial statements.", "file_path": "cuad/PfHospitalityGroupInc_20150923_10-12G_EX-10.1_9266710_EX-10.1_Franchise Agreement1.txt"}, {"span": [131270, 131560], "answer": "In order to preserve the goodwill of the System following termination, we (or our designee) have the right to enter the Premises (without liability to you, your Owners, or otherwise) for the purpose continuing the Franchised Business' operation and maintaining the goodwill of the business.", "file_path": "cuad/PfHospitalityGroupInc_20150923_10-12G_EX-10.1_9266710_EX-10.1_Franchise Agreement1.txt"}]