Master Innovation and Development Plan – Joint Objectives Clause Samples

Master Innovation and Development Plan – Joint Objectives. (a) In furtherance of their shared goals and vision, the Parties will work together collaboratively, diligently and in good faith to jointly prepare the MIDP in accordance with the MIDP Scope, including the MIDP Targets set out in Schedule B, and all other terms of this Agreement. The Parties will seek to create the MIDP in a way that is in keeping with the spirit, vision and aspirations represented by the RFP and RFP Submission Materials. (b) The Parties acknowledge and agree that the MIDP will be a co-created overall plan consisting of multiple integrated, consistent, and cohesive sub-plans and ideas, on, for example, infrastructure, public realm, mobility, sustainability, affordability, accessibility, and built environment. The creation of such a plan does not itself signal any right to implement all or any part of it. To the contrary, the Parties acknowledge that in many cases, the implementation of plans contained in the MIDP will be subject to various contingencies, such as the receipt of certain governmental approvals and clearances, approvals of or agreements with landowners or other third-party consents.