Annual Development Reports Clause Samples
The Annual Development Reports clause requires a party, typically a developer or project manager, to provide comprehensive updates on the progress of a project or development at least once every year. These reports usually include information such as milestones achieved, challenges encountered, financial expenditures, and projections for the upcoming period. By mandating regular, structured reporting, this clause ensures transparency, keeps stakeholders informed, and allows for early identification and resolution of potential issues.
Annual Development Reports. During the period beginning on the Signature Date and continuing until the commercial launch of the first Licensed Product, Otonomy shall provide annual written reports to DURECT summarizing material development and regulatory activities undertaken by Otonomy with respect to the Licensed Products. All such reports shall be provided to DURECT strictly for information purposes only and all information contained therein shall be treated as Otonomy’s Confidential Information in accordance with Article 11.
Annual Development Reports. Akriveia will submit to WuXi a written annual report summarizing the work undertaken during the year to develop any Products under this License Agreement with the first such annual report due on [**]. Thereafter, the report must be submitted within [**] after the end of each calendar year.
Annual Development Reports. From the Effective Date and during the Term, each Party will submit to the other Party, [***] after the end of each Calendar Year, a high-level written report summarizing (i) such Party’s material Development Activities and the results achieved since such Party’s delivery of the last such report, and (ii) the Development Activities that such Party expects to perform and the results such Party expects to achieve during the ensuing Calendar Year, with respect to (i)-(ii), for both the Major Market Countries in the Royalty Territory (in the case of Company) and the Profit Share Territory. Notwithstanding the foregoing, upon the Opt-Out Effective Date (or, if later, the completion of any Continuing Vir Bio Selected Activities), Vir Bio will not be obligated to submit the high-level reports described in this Section 4.3.2 (Annual Development Reports).
Annual Development Reports. The JDT shall submit annual reports with respect to the Development of Antibody Products for Agreed Indications to the Collaboration Committee as part of each annual recommended update to the Development Plan with respect to Agreed Indications. The Continuing Party with respect to an Independent Indication shall submit annual reports with respect to the Development of Antibody Products for such Independent Indication to the Collaboration Committee. Each such report shall include non-binding forecasts of the Parties’ requirements of Clinical Supplies of Antibody Products, placebo and comparators for Agreed Indications and Independent Indications (which forecasts shall be provided by the applicable Continuing Party) for the Territory for the then current year and the following [***] [Confidential Treatment Required] and any other related information that the JDT determines, or is requested by the Collaboration Committee, to include.
Annual Development Reports. Before the first commercial sale of a LICENSED PRODUCT, LICENSEE will submit to INSTITUTE annual reports on June 30 of each year as to LICENSEE'S activities, progress and plans applicable to Paragraphs 3.1 and 3.
Annual Development Reports. Within [**] of finalizing and approving an early Development plan for a Collaboration Product, Schering-Plough will provide a summary of the plan to Lexicon. Thereafter, Schering-Plough will provide Lexicon with an annual report on the progress under such plan and projections for the Development plan for the upcoming year, such reports to be the Confidential Information of Schering-Plough. Lexicon shall have the reciprocal obligations for any Reverted Product.
Annual Development Reports. Company will provide to Licensor, each time within ninety (90) days after the end of a Calendar Year, with a written report in English language and in a form reasonably acceptable to Licensor, summarizing in reasonable detail the Development activities conducted by Company (itself or through its Affiliates and Sublicensees and its or their Third Party service providers) in the preceding year. Such reports shall include at least the information set forth in Schedule 4.1.b).
Annual Development Reports. Beginning on the first anniversary of the Effective Date and continuing annually thereafter during the Term, Modulant shall provide to NorthStrive a written report summarizing, in reasonable detail:
(i) Modulant’s Development and Commercialization activities with respect to Licensed Products during the preceding twelve (12) months;
(ii) Progress towards Commercialization of Licensed Products;
(iii) Material results and milestones achieved; and
(iv) Plans for Development and Commercialization of Licensed Products in the upcoming twelve (12) months.