Common use of New Product Development Clause in Contracts

New Product Development. S&N and Nucryst will work together collaboratively and aggressively to develop new products in the Field (that meet customer needs and profitability requirements) which contain or use the Nucryst Technology and to develop Improvements to Products. During the Term, S&N may suggest to Nucryst new product development initiatives in the Field using the Nucryst Technology to be worked on by S&N and Nucryst pursuant to this Agreement and, if Nucryst and S&N agree in writing to pursue such new product development initiative, the resulting new product (unless the new product development initiative is by written agreement of Nucryst and S&N abandoned prior to the completion thereof) shall be deemed to be a “New Product” for purposes of this Agreement. S&N and Nucryst will work together cooperatively, diligently and in good faith to develop each New Product in a timely manner.

New Product Development. 3.1.1 S&N and Nucryst will work together collaboratively and aggressively to develop new products in the Field (that meet customer needs and profitability requirements) which contain or use the Nucryst Technology and to develop Improvements to Products. During the Term, S&N may suggest to Nucryst new product development initiatives in the Field using the Nucryst Technology to be worked on by S&N and Nucryst pursuant to this Agreement and, if Nucryst and S&N agree in writing to pursue such new product development initiative, the resulting new product (unless the new product development initiative is by written agreement of Nucryst and S&N abandoned prior to the completion thereof) shall be deemed to be a “New Product” for purposes of this Agreement. S&N and Nucryst will work together cooperatively, diligently and in good faith to develop each New Product in a timely manner.