Master Formula Clause Samples
The Master Formula clause establishes a standardized method for calculating payments, adjustments, or other financial metrics within a contract. Typically, it sets out a specific formula or set of variables that will be used to determine amounts owed, such as interest, royalties, or price adjustments, ensuring all parties use the same calculation method throughout the agreement. By providing a clear and consistent calculation framework, this clause helps prevent disputes over payment amounts and ensures transparency in financial dealings.
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Master Formula. The Master formula should be available upon request. This document should contain the following information :
(a) Product name and product code/number.
(b) Intended packaging materials, and storage conditions
(c) List of raw materials used
(d) List of equipment used.
(e) In-process controls with their limits in processing and packaging, where applicable.
Master Formula. The composition of Products to be said in the EU / U.S. will be as stated in the applicable Product DMF / ANDA / NDA and European Regulatory Dossier, as applicable.
Master Formula. The composition of the Product will be as stated in the applicable approved Product NDA or the applicable regulatory approval for such Product.
Master Formula. The composition of Products to be sold in the U.S. will be as stated in the applicable Product DMF and NDA or ANDA.
Master Formula. The composition of Products will be as stated in the applicable approved Product ANDA.