Common use of Development Effort Clause in Contracts

Development Effort. Each party agrees to use commercially reasonable efforts to undertake and complete development of the Deliverables in accordance with the Milestone Schedule and to timely deliver all the Deliverables. Certain tasks to be undertaken by a party may require information from the other party or completion of certain tasks by the other party prior to a party undertaking its tasks. Each party agrees that any delay in a party meeting the Milestones that is caused by the failure of the other party to timely provide such required information or complete performance shall not constitute a default under this Agreement.

Appears in 2 contracts

Sources: Master Development and License Agreement (Verisign Inc/Ca), Master Development and License Agreement (Verisign Inc/Ca)