Audits
Audit Rights and Record Retention Terms
Puranjay Trehan, Senior Legal Tech Engineer
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ABOUT THIS SCREEN
This screen is designed for users who want to assess whether an agreement includes terms related to audit rights and supporting record retention obligations, including the customer’s right to audit supplier records, retention of relevant records for a defined period, prior written notice for audits, and limits on audit frequency.
It is especially useful for procurement, vendor management, compliance, finance, and in-house counsel, along with their external legal and commercial advisors, when ongoing supplier monitoring, regulatory compliance, or financial transparency is critical.
ABOUT THE AUTHOR
Puranjay Trehan
Puranjay is a legal technology professional currently working at Agiloft, where he advises clients on the practical adoption and optimization of AI-driven solutions for contract lifecycle management and legal operations. Prior to this, he led Legal Software Implementation for Thomson Reuters for Asia and Emerging Markets, overseeing regional deployments and supporting enterprise clients in implementing and scaling legal technology platforms. He also worked at Sirion, contributing to product innovation and the delivery of AI/ML-enabled contracting solutions. A qualified lawyer, Puranjay has also been a part of legal and compliance team at Goldman Sachs.