Common use of Analysis and Development Clause in Contracts

Analysis and Development. (a) In the event that the Materials or End-Product are not suitable for a Project or Projects (“Tentative Projects”) as determined by a relevant health authority and require further testing, processing or modification in accordance with applicable laws and regulations, the following provisions shall apply: (i) Filament shall, [*****], subject the Materials or End-Product to the tests, processing and modification recited, contemplated by or required to carry out the Tentative Projects. Ownership of all Intellectual Property resulting from the testing, processing and modification of the Materials or End-Product shall vest in Filament upon creation. (ii) Filament shall provide Psyence will all certificates of analysis and additional information and documentation as may be required to commence the Tentative Projects, including updated information and documentation as mentioned in Section 2.1(c). (iii) In the event that Filament is unsuccessful in its attempts and the Materials or End-Product remain unsuitable for the Tentative Projects or fails to deliver the information/documentation required in sub-section (ii) above, then Psyence shall be entitled to [*****] whereupon that Tentative Project(s) shall be excluded from this Agreement and this Agreement shall be deemed to have been terminated in respect of that Tentative Project(s).

Analysis and Development. (a) In the event that the Materials or End-Product are not suitable for a Project or Projects (“"Tentative Projects”") as determined by a relevant health authority and require further testing, processing or modification in accordance with applicable laws and regulations, the following provisions shall apply: (i) Filament shall, [*****], subject the Materials or End-Product to the tests, processing and modification recited, contemplated by or required to carry out the Tentative Projects. Ownership of all Intellectual Property resulting from the testing, processing and modification of the Materials or End-Product shall vest in Filament upon creation. (ii) Filament shall provide Psyence will all certificates of analysis and additional information and documentation as may be required to commence the Tentative Projects, including updated information and documentation as mentioned in Section 2.1(c). (iii) In the event that Filament is unsuccessful in its attempts and the Materials or End-Product remain unsuitable for the Tentative Projects or fails to deliver the information/documentation required in sub-section (ii) above, then Psyence shall be entitled to [*****] whereupon that Tentative Project(s) shall be excluded from this Agreement and this Agreement shall be deemed to have been terminated in respect of that Tentative Project(s).