R&D External Costs Clause Samples
The R&D External Costs clause defines how expenses incurred from third-party vendors or service providers for research and development activities are handled under the agreement. It typically specifies which types of external costs are eligible for reimbursement or inclusion in project budgets, such as laboratory testing, specialized consulting, or outsourced development work. This clause ensures that both parties have a clear understanding of which external R&D expenses are covered, thereby preventing disputes and facilitating accurate budgeting and cost allocation.
R&D External Costs. In addition to the funding obligations in Section 5.3.1 above, and without limiting the generality of the provisions of Section 4.2 hereof, MERCK shall [***] for the payment of [***] Third Party research and Development activity costs (“Third Party Costs”), including, without limitation, contract research organizations, contract personnel and consultant costs, incurred by ARCHEMIX to the extent set forth in an Annual Research Plan or Annual Development Plan or otherwise agreed to in writing by MERCK.
R&D External Costs. In addition to the funding obligations in Section 5.2.1 above, and without limiting the generality of the provisions of Section 4.2 hereof, TAKEDA shall be [***] for the payment of all Third Party research and Development activity costs (“Third Party Costs”), including, without limitation, contract research organizations, contract personnel and consultant costs and materials cost for large-scale syntheses, incurred by ARCHEMIX to the extent set forth in an Annual Research Plan or otherwise approved in writing by TAKEDA. TAKEDA shall pay such Third Party Costs by the last day of the first full month following receipt of the applicable invoice.