Early Development Term Sample Clauses
The Early Development Term clause defines the initial period during which parties collaborate on early-stage development activities before entering into a longer-term agreement. Typically, this clause outlines the specific timeframe, the scope of work to be completed, and any milestones or deliverables expected during this phase. Its core function is to provide a structured, limited commitment that allows both parties to assess feasibility and compatibility before making more substantial, long-term obligations.
Early Development Term. The Early Development Term (i.e. the overall term for all Early Development Programs under the Agreement) will commence at the start of the first Early Development Program under the Agreement and will terminate upon the termination of the last to terminate Early Development Program Term (the “Early Development Term”), unless earlier terminated in accordance with the other provisions of this Agreement.
