Shared Development Expenses Sample Clauses
The Shared Development Expenses clause outlines how costs related to the joint development of a project or product will be allocated between the parties involved. Typically, this clause specifies which expenses qualify as shared, the method for calculating each party’s share, and the process for reimbursement or payment. For example, it may cover costs such as research, materials, or labor, and detail whether expenses are split equally or according to a predetermined ratio. The core function of this clause is to ensure transparency and fairness in cost-sharing, thereby preventing disputes over financial contributions during the development process.
Shared Development Expenses. In the event that the Parties are obligated to share Development Expenses pursuant to Sections 4.2.2(c), 4.2.3(a), 4.2.3(b) or 4.3.1, each Party incurring Development Expenses shall, within thirty (30) days after the end of each calendar quarter, provide a written report to the Joint Development Team and the other Party detailing the Development Expenses incurred in the preceding quarter. Within fifteen (15) days after the receipt of such report(s), payments shall be made by one Party to the other Party so that the total Development Expenses incurred in such calendar quarter shall be shared in the applicable agreed-upon percentages by the Parties.
Shared Development Expenses. Commencing from and after the Execution Date and during the Term, the Parties will share all Eligible Development Expenses [***] at a ratio of [***] (Takeda: Arrowhead) (the “Eligible Development Costs Share Ratio”) in accordance with [***]. Within [***] after the end of each [***] after the Effective Date, ([***] (each such report, an “Eligible Development Expenses Report”). Following receipt of the Eligible Development Expenses Report(s) following a given [***], such Eligible Development Expenses Report(s) will be [***].
Shared Development Expenses