Common use of Collaboration Projects Clause in Contracts

Collaboration Projects. During the Collaboration Period, the parties will meet at the beginning of each year within thirty (30) days after the respective anniversary of the Effective Date and draft a mutually agreed written co-development plan for the respective year outlining potential areas of joint development between PalmSource and Licensee that allow the parties to leverage the specific skill sets offered by each party, with the objective of having at least one active mutually agreed Collaboration Project at any given time during the respective year. It is understood, however, that PalmSource may be obligated to provide notice, and enter into good faith discussions, under the Existing Collaboration Agreement prior to pursuing a particular Collaboration Project with Licensee, and that any proposed Collaboration Projects shall be subject to such obligations.