Joint Decision Clause Samples
A Joint Decision clause establishes a process by which two or more parties must make certain decisions together, rather than unilaterally. Typically, this clause outlines the types of matters that require joint agreement, such as major project changes, budget approvals, or strategic directions, and may specify procedures for reaching consensus or resolving deadlocks. Its core practical function is to ensure that all relevant parties have equal input and control over significant decisions, thereby promoting collaboration and preventing unilateral actions that could negatively impact the interests of any party involved.
Joint Decision. In the event that both Parties mutually elect not to continue their participation in the Development of a Program Product, by exchange of mutual Notices of Discontinuance or mutual written agreement, then such Program Product shall thereupon be deemed a Dropped Program Product. Any mutual election of the Parties to not continue their participation in Development of a Program Product shall have no effect on (i) LGLS's continued ownership of all LGLS Patent Rights and LGLS Know-how, its rights in the Program Technology, Program Materials and the Global Development Plan, and the license granted by Anadys to LGLS under Section 3.1.2 to the extent such license relates to other Program Products, and (ii) Anadys's continued ownership of all its Patent Rights in the Anadys Inventions, its rights in the Program Technology, Program Materials and the Global Development Plan, and the license granted by LGLS to Anadys under Section 3.1.1 to the extent such license relates to other Program Products.
Joint Decision. To the extent that the Notes or Indenture provide for any discretion or action on behalf of either or both Issuers or any direct or indirect Subsidiary of either Issuer, and such action or discretion could result in the repayment, redemption or offer to purchase of the portion of the Notes, as Units, not otherwise then due by reason of a default or Maturity of the Notes, then such action or discretion shall not be taken or exercised without the express agreement of both Issuers.
Joint Decision. Kinectrics and The Society are obliged to reach an agreement on the issue.
Joint Decision. AMEC NSS and The Society are obliged to reach an agreement on the issue.
Joint Decision. The IESO and The Society are obliged to reach an agreement on the issue.