JMC Sample Clauses
The JMC clause, or Joint Management Committee clause, establishes a committee composed of representatives from the parties to oversee and coordinate the management of a project or contractual relationship. Typically, this committee is responsible for making key decisions, resolving disputes, and monitoring progress, with regular meetings and defined voting procedures. The core function of the JMC clause is to provide a structured forum for collaboration and decision-making, ensuring that both parties have input and oversight, which helps prevent misunderstandings and facilitates smooth project execution.
JMC. The term “
JMC. The JMC shall have [***] over the Manufacture and distribution of the Product under this Agreement during the Term. The JMC shall [***] developments relating to forecasting, commercial and regulatory issues, scheduling and supply, projects relating to capacity expansion, capital and/or operating expenditures, quality improvements and cost improvements, and other matters related to Manufacturing under this Agreement. In addition, the JMC shall [***] the appropriate level and management of Safety Stock. During the Term, and [***], Orexigen shall retain final decision-making authority with respect to Manufacturing as set forth in Section 5.7.3(b)(ii) of the Collaboration Agreement until and unless Takeda assumes responsibility for Manufacturing pursuant to Section 3.6.1 of this Agreement or [***], upon which Takeda will have final decision-making authority as set forth in Section 5.7.3(a)(iv) of the Collaboration Agreement. For the avoidance of doubt, such final decision-making authority does not include any right to make any decision with respect to any disputes between the Parties as to the meaning of any provision of this Agreement or the Collaboration Agreement or either Party’s performance under this Agreement or the Collaboration Agreement or lack thereof.