Common use of Collaborative Efforts and Reports Clause in Contracts

Collaborative Efforts and Reports. The parties agree that the successful execution of the R & D Program will require the collaborative use of both parties' areas of expertise. The parties shall keep the JSC and each other fully informed about the status of the portions of the R & D Program they respectively perform. In particular, without limitation, each party shall furnish to the JSC and each other a quarterly written report, describing the progress of its activities in reasonable detail, no later than thirty (30) days after the end of each Fiscal Quarter. Scientists at CHEMGENICS and WYETH-AYERST shall cooperate in the performance of the R & D Program and, subject to any confidentiality obligations to third parties, shall exchange information and materials as necessary to carry out the R & D Program, but subject to the provisions of Sections 4 and 5 hereof. Each party will attempt to accommodate any reasonable request of the other party to send or receive personnel for purposes of collaborating or exchanging information under the R & D Program. Such visits and/or access will have defined purposes and be scheduled in advance. The requesting party will bear the travel and lodging costs of any such personnel.

Appears in 2 contracts

Sources: Collaborative Research and License Agreement (Chemgenics Pharmaceuticals Inc), Collaborative Research and License Agreement (Millennium Pharmaceuticals Inc)