Common use of Joint Development Projects Clause in Contracts

Joint Development Projects. If SPE accepts a Developed Project for joint development (a "Joint Development Project"), SPE shall pay to Beacon an amount equal to of all previously incurred development costs for such Developed Project, and of going forward development costs on such project (with the balance of such costs to be paid by Beacon) until such time, if ever, as SPE or Beacon elects to abandon further development of such Joint Development Project. Beacon and SPE shall co-own all rights (including the copyright) in and to each such project and Beacon shall execute such documents as may be necessary to reflect and perfect SPE's co-ownership.

Joint Development Projects. If SPE accepts a Developed Project for joint development (a "Joint Development Project"), SPE shall pay to Beacon an amount equal to * of all previously incurred development costs for such Developed Project, and * of going forward development costs on such project (with the balance of such costs to be paid by Beacon) until such time, if ever, as SPE or Beacon elects to abandon further development of such Joint Development Project. Beacon and SPE shall co-own all rights (including the copyright) in and to each such project and Beacon shall execute such documents as may be necessary to reflect and perfect SPE's co-ownership.