Common use of Each Party undertakes Clause in Contracts

Each Party undertakes. a) to carry out with the utmost care and diligence the Activities falling within its competence in the Project, coordinating with the other Parties so that each may contribute consistently with the defined objectives and schedules; b) to disclose to the other Parties any information which is deemed necessary for the correct development of the scientific research Activities, it being understood that the Background IP and/or the Sideground IP shall only be used by any Party (i) with the prior express and written consent of the Party owning such Background IP and/or Sideground IP and (ii) strictly within the scope and for the purposes of this Agreement; c) to report to other Parties any critical issue(s) arising from the Activities;