Common use of Lead Development Party Clause in Contracts

Lead Development Party. CTI will be the lead Development Party with respect to obtaining Regulatory Approval for all Collaboration Products in the Co-Promotion Territory and, as a result, shall be obligated and responsible for carrying out Development pursuant to each Development Plan. CTI will assemble its development team and commence reporting to the JDC within thirty (30) days following the Effective Date. ORTHO agrees to carry out such Development tasks as are reasonably requested by CTI and accepted by ORTHO. ORTHO agrees to apply its expertise to assist CTI in all aspects of each Development Plan. ORTHO will be the lead Development Party with respect to obtaining Regulatory Approval for all Royalty Bearing Products in the Royalty Bearing Territory, and, acting in this capacity, shall have the right to act independently of the JDC; provided, -------- however, that ORTHO shall not take any action in connection with obtaining ------- Regulatory Approval for a Royalty Bearing Product in the Royalty Bearing Territory that would materially and adversely affect CTI's ability to conduct Development pursuant to the Development Plan.