Common use of Collaboration Program Decision Making Clause in Contracts

Collaboration Program Decision Making. (a) If the JSC cannot unanimously agree on a matter to be decided by the JSC, then either Party shall have the right to refer such dispute to the Senior Representatives for resolution by good faith negotiations in accordance with Section 12.1. 1. The Parties shall not implement the proposed activity or change pending such decision of the Senior Representatives; provided that if the dispute relates to a proposed change to a Collaboration Plan previously agreed by the JSC, ▇▇▇▇ may continue the Isis Conducted Activities in accordance with such plan pending resolution of the dispute by the Senior Representatives. (b) Notwithstanding any provision to the contrary herein, ▇▇▇▇ will have no obligation to perform any activity that, after having consulted the JSC, ▇▇▇▇ in good faith believes that continuing such activity would (y) [***] or (z) [***].

Appears in 2 contracts

Sources: Strategic Collaboration Agreement (Ionis Pharmaceuticals Inc), Strategic Collaboration Agreement (Isis Pharmaceuticals Inc)