Common use of Veto rights Clause in Contracts

Veto rights. A Member may exercise a veto with respect to the corresponding decision or relevant part of the decision if its own work, time (e.g. compliance with national law) or performance, costs, liabilities, intellectual property rights or other legitimate interests would be severely affected by a decision of a Consortium Body or if a Member has committed to legally binding expenses such as (but not limited to) salaries before the decision and the decision would lead to a withdrawal of funding for these expenses.

Appears in 2 contracts

Samples: Project Agreement, Project Agreement

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Veto rights. A Member may exercise a veto with respect to the corresponding decision or relevant part of the decision if its own work, time (e.g. compliance with national law) or performance, costs, liabilities, intellectual property rights or other legitimate interests (e.g. compliance with national law) would be severely affected by a decision of a Consortium Body or if a Member has committed to legally binding expenses such as (but not limited to) salaries before the decision and the decision would lead to a withdrawal or limitation of funding for these expenses.

Appears in 1 contract

Samples: Template Project Agreement

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Veto rights. 6.2.5. A Member may exercise a veto with respect to the corresponding decision or relevant part of the decision if its own work, time (e.g. compliance with national law) or performance, costs, liabilities, intellectual property rights or other legitimate interests would be severely affected by a decision of a Consortium Body or if a Member has committed to legally binding expenses such as (but not limited to) salaries before the decision and the decision would lead to a withdrawal of funding for these expenses.

Appears in 1 contract

Samples: Project Agreement

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