Common use of Design and development Clause in Contracts

Design and development. The Parties shall use good faith efforts to design and develop their respective components of the Corporate Offering by the applicable Target Dates. It is understood and agreed that neither Party can guarantee the results or success of these efforts, the Target Dates are subject to change as circumstances warrant, and neither Party will have liability for any change in the Target Dates, or any failure to complete any portion of this work by the applicable Target Date, as long as such Party is using good faith, commercially reasonable efforts to fulfill its responsibilities in performing this work. This work is expected to include, among other things, (a) the elaboration of technical specifications and interfaces requires to implement the Corporate Offering;