Initial Development Period Clause Samples

The Initial Development Period clause defines the specific timeframe during which the primary development activities for a project or product must be completed. Typically, this period is set at the beginning of an agreement and outlines key milestones, deliverables, and deadlines that the developer or service provider must meet. For example, it may specify that all foundational work, such as design, prototyping, or initial coding, must be finished within six months of the contract’s start date. The core function of this clause is to establish clear expectations and timelines, ensuring that both parties are aligned on the schedule and progress of the initial development phase.
Initial Development Period. Subject to the terms of this Section 2.1(a), Theravance will perform, in collaboration with ▇▇▇▇▇▇▇, certain Development activities with respect to the Initial Product for the Primary Indications during the portion of the Development Term prior to the expiration of the Opt-In Period (the “Initial Development Period”). During the Initial Development Period, the Parties shall use Commercially Reasonable Efforts to Develop the Products in accordance with the Collaboration Plans (as they may be amended from time-to-time in accordance with Section 4.2(b) or Section 6.3(c)). Theravance hereby grants a non-exclusive license to ▇▇▇▇▇▇▇ under Theravance IP for purposes of conducting such Development activities as are assigned to ▇▇▇▇▇▇▇ in the Collaboration Plans, during the Initial Development Period. Without ***CERTAIN INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. limiting the foregoing, Theravance shall use Commercially Reasonable Efforts to conduct the Initial Trials and any other activities assigned to Theravance in the Collaboration Plans and decided by the JSC to be performed prior to the Opt-In Date as set forth in the Collaboration Plans, at its own expense as set forth in the Phase 2 Budget, subject to Section 6.3(c). Promptly following completion of the Initial Trials, Theravance shall provide ▇▇▇▇▇▇▇ with the Triggering Data Package After Phase 2. In addition, following Theravance’s receipt of ▇▇▇▇▇▇▇’▇ written request made within [***] of receipt of the Triggering Data Package After Phase 2, Theravance shall, within [***] of such request, provide ▇▇▇▇▇▇▇ with any additional information within Theravance’s Control that is reasonably requested by ▇▇▇▇▇▇▇ with respect to the Initial Compounds or the Initial Product. If any of the information so requested is not within Theravance’s Control, Theravance shall notify ▇▇▇▇▇▇▇ in writing during such [***] period that Theravance does not have such additional information. The deadline for ▇▇▇▇▇▇▇ to provide the Exercise Notice at the end of the Opt-In Period shall be extended until [***] after Theravance shall have delivered such additional information reasonably requested by ▇▇▇▇▇▇▇; provided that if Theravance shall in good faith reasonably believe it has provided such additional information (or that it does not have such additional information), it may deliver a written notice to that effect and stating the...
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Initial Development Period. Unless mutually determined in writing, the Development Activities that shall occur in the Initial Development Period are:
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Initial Development Period. The Development Program shall be performed, on a Product-by-Product basis, during the period commencing on the expiration of the Research Program Term for such Product and ending upon the Initiation of a Phase I Clinical Trial for such Product, unless earlier terminated by ALEXION in its sole discretion (the “Initial Development Period”).
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Related to Initial Development Period

  • Development Period The Contractor may commence pre-construction activities like utility shifting, boundary wall construction or any other activity assigned to the Contractor by the Authority to enable construction of the Project Highway immediately after signing of the Agreement, to the extent that such work is ready for execution. The Parties agree that these works may be taken up and completed to the extent feasible by the Contractor, before declaration of the Appointed Date, but no claim against the Authority for delay shall survive during this period and that the undertaking of these works by the Contractor shall not count towards the Scheduled Construction Period of the project which starts counting only from the Appointed Date. No construction activity of the Project Highway shall be undertaken during the development period.

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in ▇▇▇▇▇, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • Professional Development Days Upon request, each Employee shall be granted at least three (3) professional development days annually for professional development, at the Basic Rate of Pay. An Employee shall be advised, prior to taking any professional development days of any transportation, registration fees, subsistence and other expenses that will be paid by the Employer. Such hours not used in each fiscal year shall not be carried forward into subsequent years. Applications for such paid professional development opportunities shall be made in writing, to the Employer as early as possible.

  • Research Term The Research Program will be carried out during the two (2) year period following the Effective Date, unless this Agreement is terminated in accordance with Article 13 (such period, as may be extended pursuant to this Section 3.2, being the “Research Term”). BMS shall have the option to extend the Research Term for three (3) additional one (1) year periods on a year-by-year basis after the initial two (2) year period. At least one hundred eighty (180) days prior to the scheduled expiration of the Research Term (i.e., the applicable anniversary of the Effective Date) BMS will provide Ambrx with a nonbinding, good faith indication of whether or not BMS intends to extend the Research Term. In order to exercise its option to extend the Research Term, BMS must provide Ambrx a written notice exercising BMS’ option to extend the Research Term at least ninety (90) days prior to the scheduled expiration of the Research Term (i.e., the applicable anniversary of the Effective Date). If BMS does not provide such written notice, the Research Term will end when scheduled (i.e., on the applicable anniversary of the Effective Date). For each extension of the Research Term, subject to Section 3.4, the JRC will prepare an update to the Research Plan which will include an updated Budget for the BMS-funded Ambrx FTEs to perform the work required under such Research Plan and the projected Third Party Costs.

  • Project Period The Project Period ("Project Period") is the time during which the Applicant will be conducting the Project. Unless this Investment Agreement is terminated earlier under Article 7 Termination, the Project Period commences on the Project Start Date and ends on the Project Completion Date.