Common use of Development Collaboration Clause in Contracts

Development Collaboration. Appropriate representatives of OSI and BISYS shall meet at least semi-annually to discuss and review each other's product development plans and for OSI and BISYS to provide input based on competitive feature and function requirements. At any time during the Term or any Renewal Term of this Agreement, BISYS shall have the right to request certain development efforts related to the System and to Ancillary Products. To the extent it is mutually agreed that such development efforts enhance the overall value, marketability or competitive position of the System and the Ancillary Products, such efforts shall be funded by OSI. BISYS shall be given the opportunity to contribute to such efforts either through funding and/or contribution of application specifications and/or certain technology to expedite delivery or to address certain customer requirements that may not be considered to significantly enhance the overall value, marketability or competitive value of the System and the Ancillary Products. OSI reserves all right, in its sole discretion, to determine the scope and nature of any and all development activities that will be performed to the System and Ancillary Products regardless of the source of funding.