Purpose; Formation Clause Samples
The 'Purpose; Formation' clause defines the intent behind the agreement and outlines the process by which the contract is established between the parties. It typically specifies the objectives the parties aim to achieve and clarifies the steps or conditions required for the contract to become legally binding, such as mutual consent or the exchange of consideration. By clearly stating the contract's purpose and the manner of its formation, this clause helps ensure that both parties have a shared understanding of their relationship and reduces the risk of disputes over the validity or scope of the agreement.
POPULAR SAMPLE Copied 1 times
Purpose; Formation. Within [***] days after the Effective Date, the Parties will establish a joint steering committee (the “JSC”) that will monitor and provide strategic oversight of the activities under this Agreement and facilitate communications between the Parties with respect to the Research, Development, Manufacture and Commercialization of Antibody Candidates and Licensed Products, all in accordance with this Section 2.2.
Purpose; Formation. Within [*****] days after the Effective Date, the Parties will establish a committee (the “Joint Steering Committee” or “JSC”) that shall, in accordance with this Section 2.2, monitor and coordinate communication regarding the Parties’ performance under this Agreement. The JSC shall have only the powers assigned expressly to it in this Section 2.2 and elsewhere in this Agreement.
Purpose; Formation. The Parties hereby establish a joint steering committee (the “JSC”) which will monitor and provide strategic oversight of the activities under this Agreement and facilitate communications between the Parties with respect to the Development, Manufacture and Commercialization of Licensed Compound, Licensed Products, all in accordance with this Section 2.1.
Purpose; Formation. The Parties hereby establish a joint steering committee (the “JSC”) that will monitor and oversee their activities under this Agreement in the Territory and under the China Agreement in China, resolve disputes within subcommittees and facilitate communications between the Parties with respect to the Development and Commercialization of Products in the Territory and in China (under the China Agreement), all in accordance with this Section 2.2.
Purpose; Formation. Within thirty (30) days after the Effective Date, the Parties shall establish a Joint Companion Diagnostic Committee (the “JCDC”) to plan, direct, manage and coordinate all aspects of the Parties’ activities under this Agreement during the Regulatory Phase. Following the Regulatory Phase, Ambit will not have any role in planning, directing, managing or coordinating any aspect of Genoptix’s commercialization, provision or use of the Companion Diagnostic. The JCDC shall have only the powers assigned expressly to it under this Section 2.2 and elsewhere in this Agreement, and shall not have any power to amend, modify or waive compliance with this Agreement.
Purpose; Formation. Within [***] after the Effective Date, the Parties shall establish a cross-functional, joint steering committee (the “JSC”) that will oversee, coordinate, and manage the Collaboration between the Parties.
Purpose; Formation. Within [ * ] after the Signing Date, the Parties shall establish a Joint Steering Committee that shall monitor and coordinate communication regarding the Parties’ performance under this Agreement to Develop, obtain Regulatory Approval for, Manufacture, and Commercialize Collaboration Products in the Field in the Territory. The JSC shall have only the powers assigned expressly to it in this Section 2.2 and elsewhere in this Agreement, and the JSC shall not have any power to amend, modify or waive compliance with this Agreement.
Purpose; Formation. The Company shall hold the Securities, and shall conduct any activities that the Manager (as defined below) determines to be incidental to the Company’s ownership, voting or disposition of the Securities. The Company was formed as a limited liability company under the Delaware Limited Liability Company Act, as amended from time to time (6 ▇▇▇.▇. §▇▇ 101, et seq.) (the “Act”), upon the filing of the Certificate of Formation of the Company with the Office of the Secretary of State of Delaware on November 21, 2012. The Manager shall accomplish all filing, recording, publishing and other acts necessary or appropriate for compliance with all requirements for the continuation and the operation of the Company as a limited liability company under this Agreement and the Act and under all other laws of the State of Delaware and such other jurisdictions in which the Manager determines that the Company may conduct business. Each Person admitted to the Company as a Member shall promptly execute all relevant certificates and other documents as the Manager shall request.
Purpose; Formation. Within thirty (30) days after the Effective Date, the Parties will appoint their respective representatives to a collaboration steering committee to oversee, coordinate and provide strategic direction to the development, registration and commercialization of the Product for and in the Territory and to approve the plans, budgets and resource allocations for such activities (the "Collaboration Steering Committee" or "CSC").
Purpose; Formation. Within thirty (30) days after the Effective Date the Parties will appoint their respective representatives to a joint development committee to manage the development strategies, plans and budgets for Regulatory Approval of the Product in the Territory (the "Joint Development Committee" or "JDC"). The JDC shall dissolve upon mutual agreement of the Parties, but in no event prior to two (2) years following Initial Approval.