Decision Making and Costs Clause Samples
The 'Decision Making and Costs' clause defines how decisions are made regarding the incurrence and allocation of costs within an agreement. Typically, it outlines which party has authority to approve expenditures, how costs are to be shared or reimbursed, and may specify procedures for resolving disputes over spending. This clause ensures that both parties have a clear understanding of financial responsibilities and decision-making processes, thereby preventing misunderstandings and disputes related to costs during the course of the agreement.
Decision Making and Costs. As between the Parties, all decisions relating to the Exploitation of any Vernalis Licensed Compounds and Licensed Product shall be in the sole discretion of Corvus and shall be carried out by Corvus or its Sublicensees and they shall be responsible for all costs and expenses in connection with the Exploitation of Vernalis Licensed Compound and Licensed Product.
Decision Making and Costs. Tarus undertakes to use its commercially reasonable efforts to further Develop and Commercialize Impetis Compounds licensed to it under this Agreement, and will have full and sole discretion on development decisions with respect thereto;
Decision Making and Costs. As between the Parties, all decisions relating to the Exploitation of any Vernalis Licensed Compounds and Licensed Product shall be in the sole discretion of Anebulo and shall be carried out by Anebulo or its Sublicensees and they shall be responsible for all costs and expenses in connection with the Exploitation of Vernalis Licensed Compound and Licensed Product.