Joint Development Project definition
Examples of Joint Development Project in a sentence
If at any time Beacon elects to abandon further development of any Joint Development Project, Beacon shall give SPE written notice thereof.
Beacon shall consult fully and meaningfully with SPE on an on-going basis regarding the development of all Joint Development Projects (including full consultation, in advance, as to creative direction and with respect to each and every proposed spending commitment with respect to each Joint Development Project), with Beacon's decision being final.
The Technical Contacts will confer on a regular basis to assess the status of the Joint Development Project with respect to the Milestones.
SPE shall quitclaim its interest in such abandoned Joint Development Project to Beacon, subject to a first priority lien to secure reimbursement of SPE's investment with respect to such Joint Development Project plus interest thereon, payable in full upon commencement of principal photography of such Joint Development Project by Beacon or a third party.
If at any time SPE gives Beacon written notice of SPE's election to abandon any Joint Development Project, Beacon shall have no further obligation to SPE with respect to such Joint Development Project, and SPE shall have no further obligation to fund further development costs with respect to such Joint Development Project.
Beacon shall control the further development of each Joint Development Project in the same manner as Pictures developed during the Acquisition Term.
If within 30 days thereafter SPE gives Beacon written notice of SPE's desire to continue developing such Joint Development Project, Beacon shall quitclaim such Joint Development Project to SPE (prior to putting the project into turnaround or reversion to any third party).
All data, database information and reports from clinical trials for Licensed Products conducted pursuant to a Joint Development Project shall be centralized and held at a location to be chosen by BMS, with a duplicate set available to Zymo.
On any expiration or termination of this Agreement, each party shall, subject to Section 14.4, immediately cease all activities concerning the Joint Development Project.
Either or both of the parties may, with the consent of the other party (not to be unreasonably withheld), bring other personnel employed by them or their Contractors to meetings of the JEC as observers or to present data and information relevant to the Joint Development Project or the Party Commercialization Tasks.