Common use of Project Review Meetings Clause in Contracts

Project Review Meetings. Licensor shall conduct Project Review Meetings ("PRMs") at Licensor's headquarters with Licensee and its representatives at least monthly. At each PRM, there will be detailed reviews of process, issues, scheduling and Deliverables or system components. In the event that any material Deliverables set forth in the applicable Milestone have not been delivered in all material respects, Licensor will consult with the Licensee in order to establish means of achievement of the Milestone. If, not less than 90 days after the Milestone, such Deliverable has not been delivered, Licensee may, at Licensee's sole cost and expense, retain a consultant, reasonably acceptable to Licensor, to assist Licensor in preparing the Deliverables so that they may meet the applicable Functional Requirement in all material respects. In connection with assistance provided by any consultant retained by Licensee as herein provided, Licensor agrees to make available to such consultant, for use only at Licensor's facility, the Source Code for the portion of the Licensed Technology with respect to which such consultant is rendering assistance, provided that such consultant signs a confidentiality agreement to the same effect as provided in Section 3.5 hereof. Licensor further agrees to cooperate with and provide reasonable assistance to such consultant to the extent necessary in preparing the Deliverables so that they may meet the applicable Functional Requirement in all material respects.

Appears in 2 contracts

Sources: License Agreement (International Sports Wagering Inc), License Agreement (International Sports Wagering Inc)