Common use of Launch Plan Clause in Contracts

Launch Plan. Each Commercialization Plan shall be ----------- updated, in advance of the launch of the applicable Collaboration Product in the Co-Promotion Territory, to include a launch plan ("Launch Plan") and launch budget ("Launch Budget") for such launch, the period *****, if practicable, before said launch, and the ***** period following the launch date. Each such Launch Plan and Launch Budget shall be developed by ORTHO, after taking into consideration CTI's comments, and presented to the JCC for Launch Plan and Launch Budget review and approval, with ORTHO having the final decision at the JCC as described in Section 2.04. The JCC shall have sixty (60) days to review and approve such Budget. Each calendar year after its preparation, if not yet executed, each Launch Plan and Launch Budget for each Collaboration Product in the Co-Promotion Territory shall be updated by ORTHO and the updated Launch Budget submitted to the JCC for approval. It is understood that determining a date for Regulatory Approval and thus a launch date is difficult. The failure to accurately estimate the launch date shall not constitute a breach hereunder. 42 Each Launch Plan shall include (i) updated market and sales forecasts in units and estimated revenues of Collaboration Product, (ii) estimated resource requirements and (iii) such other matters deemed appropriate by ORTHO.