Common use of Management of the Project Clause in Contracts

Management of the Project. 4.1 The Parties shall appoint the person set out in Paragraph 1(b) (1) of the Collaboration Proposal who shall be responsible for the overall management of the Project and who shall make any final decisions with respect to the direction of the Project as may be necessary from time to time (the “Project Leader”). 4.2 [Each of the Parties shall appoint the persons set out in Paragraph 1(b)(2) who will form a committee for the purpose implementing the Collaboration Proposal and overseeing and monitoring the progress of the Project (the “Project Team”). A person can only be removed from the Project Team by the Party who appointed him/her. Meetings of the Project Team shall be held at least once every [3] months or such more frequent time and place as the Project Team may from time to time decide. Any member of the Project Team may summon a meeting. All Project Team Meetings shall be held in Hong Kong or at such other place as may be determined by the Project Team from time to time.] 4.3 [The Project Team and the Project Leader shall work together in order to implement the Collaboration Proposal and deliver the Project Deliverables, provided that the Project Team will at all times comply with the reasonable directions of the Project Leader.] 4.4 [On a vote each member of the Project Team shall have one vote. The Project Leader shall [not] have a casting vote in the event of equality of voting.]