Common use of Responsibility for Development Clause in Contracts

Responsibility for Development. Unless otherwise set forth under a Global Development Plan approved by the JSC or if JSC approval is required pursuant to Section 3(b)(ii), each Party will have sole control over and decision-making authority with respect to Development activities with respect to the Licensed Antibodies and Licensed Products for its respective territory at its cost and expense.

Appears in 1 contract

Sources: Exclusive License Agreement (I-Mab)

Responsibility for Development. Unless otherwise set forth under a Global Development Plan approved by the JSC or if JSC approval is required pursuant to Section 3(b)(ii)JSC, each Party will have sole control over and decision-making authority with respect to be solely responsible for Development activities with respect to the Licensed Antibodies and Licensed Products for its respective territory at its cost and expenseterritory.

Appears in 1 contract

Sources: Exclusive License Agreement (CM Life Sciences III Inc.)