Common use of Joint Development Program Clause in Contracts

Joint Development Program. The scope of the activities will be described in a Joint Development Program, said Joint Development Program being subject to periodic review and adjustment by mutual written consent of both ▇▇▇▇ and BAE SYSTEMS depending upon results of ongoing development and fundraising efforts. The parties will work cooperatively to identify and exploit additional opportunities to secure third party financing of development and shall not unreasonably refuse to participate in such future opportunities. ▇▇▇▇ and BAE SYSTEMS will each designate a Project Manager for initial and primary points of contact to the Joint Development Program. The Joint Development Program will be managed so as to optimize performance on existing contracts and to maximize the obtaining of Government and other development funding in the future. The Joint Development Program will include and be directed to deliver the product specifications and development milestones as defined by government funded work, at least as initially outlined in attachment C. As the first item of business under this Agreement both BAE SYSTEMS and ▇▇▇▇ will each name a person as Project Manager appointed and replaced upon notice to the other to represent them who will then act together to further define and manage the Joint Development Program.