Common use of Process Improvements Clause in Contracts

Process Improvements. The Parties agree that during the course of the Agreement, the Parties may identify and implement process improvements that can benefit both Parties. If one of the Parties identifies an opportunity for improvements related to raw materials, such Party will notify the other Party and the Parties will jointly discuss and use good faith efforts to agree to these opportunities. Any cost-related improvements resulting from these projects will be shared across both Parties, with [***] of the cost savings being passed through to Sponsor. Such improvements must be within the validated parameters of the process and shall not be effective unless mutually agreed in writing by the Parties and approved by relevant regulatory authorities.

Process Improvements. The Parties agree that during the course of the Agreement, the Parties may identify and implement process Process improvements that can benefit both Parties. If In the case one of the Parties identifies an opportunity for improvements related to raw materials, such Party will notify the other Party and the Parties will jointly discuss and use good faith efforts to agree [**] to these opportunities. Any cost-related improvements resulting from these projects will be shared across both Parties, with [***] of the cost savings being passed through to Sponsor]. Such improvements must be within the validated parameters of the process Process and shall not be effective unless mutually agreed in writing by the Parties and approved by relevant regulatory authoritiespursuant to Section 10.