Common use of Scope of Development Project Clause in Contracts

Scope of Development Project. The Parties shall, during the Development Period, use reasonable efforts to work cooperatively with each other in order to perform the Development Project described in the Statement of Work in Appendix B1 pursuant to the schedule contained therein. This initial Statement of Work in Appendix B1 relates to development of a detailed and comprehensive plan that would help shape the technical direction of one or more subsequent SOWs to develop the Licensed Product. Subsequent SOWs may cover one or more of the following: Research and development, consisting of design, modeling, and testing of a MEMS-based magnetometer concept. Research and Development of the associated electronics, choice of magnetic and semiconductor materials. Research and Development of the fabrication methods including packaging of a MEMS-based magnetometer. Formulation of an initial manufacturing plan for a MEMS-based magnetometer. _______________________ * Any term in capital letters which is defined in Appendix A - Definitions shall have the meaning specified therein.