Project Managerial Board Clause Samples
The Project Managerial Board clause establishes a governing body responsible for overseeing the management and progress of a project. Typically, this board is composed of representatives from key stakeholders, such as the client and contractor, and meets regularly to review project milestones, address issues, and make strategic decisions. By centralizing decision-making and providing a formal structure for communication, this clause ensures coordinated project oversight and helps resolve disputes or challenges efficiently.
Project Managerial Board. Setting up The Partners agree to set up, within thirty (30) days after the approval of the PROJECT, a Project Managerial Board dedicated to manage the R&D phase of the Project. Participants of the Project Managerial Board are Partners involved in the performance of R&D tasks: XXXXXXXXXXXXXXXXXX. The Project Managerial Board definition and its related prerogatives detailed in entire Article 4, are applicable only for the development phase up to completion of Final Product. Project Managerial Board missions The missions of the Project Managerial Board shall be to take all useful decision for the Project to progress efficiently, to attend to its execution and among others: Project to define and decide definitively on the technical and financial programme of the collaboration, subject of annexes 1, 2 and 3. Sharing out the Project tasks to decide on the sharing out of the tasks and responsibilities relating to the Project in all the technical and financial aspects, subject of annexes 2 and 3. Technical decisions To rule on the technical decisions in relation with the definition and development of the Final Product. Replacement or eviction of a Partner to decide to evict and eventually to replace one of the Partners in case of grave default or weakness of this Partner, as specified in the article 5. Admission of a new Partner to examine the application of a new Partner introduced by one or several Partners and to deliberate on his admission. Others to settle, as far as possible amicably and with the matter to preserve the interests of each Partner, the possible disputes between Partners.
Project Managerial Board