Jointly Managed Clause Samples

The "Jointly Managed" clause establishes that certain responsibilities, assets, or projects will be overseen and administered by two or more parties together, rather than by a single party. In practice, this means that decisions regarding the jointly managed subject matter—such as intellectual property, funds, or operations—require input, agreement, or participation from all designated parties. This clause ensures shared control and accountability, preventing unilateral actions and promoting collaboration, which helps to balance interests and reduce the risk of disputes over management decisions.