Common use of Purpose; Formation Clause in Contracts

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.

Appears in 2 contracts

Sources: Development, Commercialization and License Agreement (Corixa Corp), Development, Commercialization and License Agreement (Corixa Corp)

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[*].

Appears in 1 contract

Sources: Development, Commercialization and License Agreement (Corixa Corp)