Contributions of both parties Clause Samples

The "Contributions of both parties" clause defines the responsibilities and inputs that each party is expected to provide under the agreement. It typically outlines what resources, information, or actions each side must contribute to fulfill the contract’s objectives, such as supplying materials, sharing expertise, or providing access to facilities. By clearly specifying these obligations, the clause ensures that both parties understand their roles and helps prevent disputes over unmet expectations or unclear duties.
Contributions of both parties. 3.1 As its Contribution, the Company agrees to pay the Project costs in accordance with the terms of Contribution described in Appendix 1 (the "Project Costs") as well as reasonable business- related travel expenses incurred in relation to the Project. 3.2 Travel Expenses will be reimbursed in accordance with the expenses policy set out in 3.3 The abovementioned Project Costs are considered net of Value Added Tax ("VAT"). The Company will additionally cover VAT and other taxes, if legally required. The Partner shall be responsible for all other taxes and/or any social security charges, as applicable, related to the Project Costs, unless otherwise agreed between the Parties or stipulated otherwise in the applicable law. 3.4 As its Contribution, the Partner will provide its resources, expertise, knowledge, and staff as described in Appendix 1. 3.5 The Parties acknowledge that the Project Costs are reasonable and aligned with the prices requested by professionals on the market for similar professional services taking into account all the contributing factors such as, inter alia, individual expertise and training, complexity of tasks, responsiveness and country of origin, as well as the total time invested (work time and preparatory time) into the Project by the Partner and comply with the industry, regulatory, and ethical guidelines as well as with the European Federation of Pharmaceutical Industries and Associations (EFPIA) “Working Together with Patients” principles, and the relevant national codes of practices applicable to the pharmaceutical industry. 3.6 The Company will ensure transparency of the investments made as Project Costs in accordance with the applicable local and international laws, regulations and Codes of Conduct, in particular the European Federation of Pharmaceutical Industries and Associations (EFPIA) “Code of Practice”, and the relevant national codes of practices applicable to the pharmaceutical industry. This may involve the publication on its website or the communication to third parties of the payments made under this Agreement, including Project Costs and expenses of the Partner which the Company has covered.
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Contributions of both parties. 2.1 As its contribution to deliver the Project, Novartis agrees to fund costs in accordance with the terms of contribution described under Appendix 1 ("Novartis Contribution"). 1 This contract is based on templates and guidance provided by the WECAN project on Reasonable Agreements between Patient Advocates and Pharmaceutical Companies. For more information, please visit ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇/▇▇▇▇ 2.2 Novartis will also reimburse for all reasonable business-related travel expenses incurred in relation to the performance of the Agreement in accordance with the expenses policy set out in Appendix 2, if such costs occur and are approved in advance by Novartis. 2.3 The above-mentioned Novartis Contribution are considered net of Value Added Tax ("VAT"). Novartis will additionally cover VAT and other taxes, if legally required. Partner shall be responsible for all other taxes and/or any social security charges, as applicable, related to the Novartis’ Contribution, unless stipulated otherwise in the applicable law. 2.4 As its contribution to deliver the Project, the Partner will provide its assets, resources, expertise, knowledge, and staff’s working time as described in Appendix 1 (“Partner’s Contribution”). 2.5 The Parties acknowledge that the Fees for the Services are reasonable and aligned with the prices requested by professionals on the market for similar professional services taking into account all the contributing factors such as, inter alia, individual expertise and training, complexity of tasks, responsiveness and country of origin, as well as the total time invested (work time and preparatory time) into the Services by Consultant and comply with the Ethical Committee for the Pharmaceutical Industry (“ENLI”) rules for the industry.
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Related to Contributions of both parties

  • Capital Contributions of the Partners (a) The General Partner and Initial Limited Partner have made the Capital Contributions as set forth in Exhibit A to this Agreement. (b) To the extent the Partnership acquires any property by the merger of any other Person into the Partnership or the contribution of assets by any other Person, Persons who receive Partnership Interests in exchange for their interests in the Person merging into or contributing assets to the Partnership shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement or contribution agreement and as set forth in Exhibit A, as amended to reflect such deemed Capital Contributions. (c) Each Partner shall own Partnership Units in the amounts set forth for such Partner in Exhibit A and shall have a Percentage Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately exchanges, additional Capital Contributions, the issuance of additional Partnership Units or similar events having an effect on any Partner’s Percentage Interest. (d) The number of Partnership Units held by the General Partner, in its capacity as general partner, shall be deemed to be the General Partner Interest. (e) Except as provided in Sections 4.2 and 10.5, the Partners shall have no obligation to make any additional Capital Contributions or provide any additional funding to the Partnership (whether in the form of loans, repayments of loans or otherwise) and no Partner shall have any obligation to restore any deficit that may exist in its Capital Account, either upon a liquidation of the Partnership or otherwise.

  • Campaign Contributions The CONTRACTOR is hereby notified of the applicability of 11-355, HRS, which states that campaign contributions are prohibited from specified state or county government contractors during the terms of their contracts if the contractors are paid with funds appropriated by a legislative body.

  • Subrogation and Contribution Upon making any payment with respect to any obligation of the Company under this Article, the Guarantor making such payment will be subrogated to the rights of the payee against the Company with respect to such obligation, provided that the Guarantor may not enforce either any right of subrogation, or any right to receive payment in the nature of contribution, or otherwise, from any other Guarantor, with respect to such payment so long as any amount payable by the Company hereunder or under the Notes remains unpaid.

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • Limitations on Contributions By executing this Agreement, Contractor acknowledges its obligations under Section 1.126 of the City’s Campaign and Governmental Conduct Code, which prohibits any person who contracts with, or is seeking a contract with, any department of the City for the rendition of personal services, for the furnishing of any material, supplies or equipment, for the sale or lease of any land or building, for a grant, loan or loan guarantee, or for a development agreement, from making any campaign contribution to (i) a City elected official if the contract must be approved by that official, a board on which that official serves, or the board of a state agency on which an appointee of that official serves, (ii) a candidate for that City elective office, or (iii) a committee controlled by such elected official or a candidate for that office, at any time from the submission of a proposal for the contract until the later of either the termination of negotiations for such contract or twelve months after the date the City approves the contract. The prohibition on contributions applies to each prospective party to the contract; each member of Contractor’s board of directors; Contractor’s chairperson, chief executive officer, chief financial officer and chief operating officer; any person with an ownership interest of more than 10% in Contractor; any subcontractor listed in the bid or contract; and any committee that is sponsored or controlled by Contractor. Contractor certifies that it has informed each such person of the limitation on contributions imposed by Section 1.126 by the time it submitted a proposal for the contract, and has provided the names of the persons required to be informed to the City department with whom it is contracting.