Feasibility Program Sample Clauses
The FEASIBILITY PROGRAM clause establishes a structured process for evaluating whether a proposed project or initiative is viable before full-scale commitment. Typically, this clause outlines the steps, timelines, and responsibilities for conducting feasibility studies, which may include technical assessments, financial analyses, or regulatory reviews. By setting clear expectations and procedures for this preliminary phase, the clause helps both parties identify potential risks and make informed decisions, ultimately reducing the likelihood of costly failures or misunderstandings later in the project.
Feasibility Program. Lipocine shall conduct a Feasibility Study to assess the feasibility of improved oral delivery of the Product for Krele in accordance with the Feasibility Study protocol attached to this Agreement as Exhibit I and incorporated herein (the “Protocol”). Lipocine shall conduct the Feasibility Study exclusively for Krele in a diligent, professional and workmanlike manner. The cost and timelines for conducting the Feasibility Study are as specified in the Protocol. Upon the completion of the Feasibility Study, Lipocine shall deliver the final report as contemplated by the Protocol (the “Final Report”). Krele will promptly review the results of the Feasibility Study as set forth in the Final Report. If Krele determines that it desires to proceed with its option to license, Krele will so notify Lipocine in writing no later than thirty (30) days after receipt of the Final Report).
Feasibility Program. During the Option Term, Array shall be responsible [***] during the Option Term (“Feasibility Program”). During the Option Term, Array shall use Commercially Reasonable Efforts to conduct the Feasibility Program.
Feasibility Program