Common use of Work Plans Clause in Contracts

Work Plans. The parties understand and acknowledge that it is difficult to predict accurately the activities that will be necessary to complete any Work Plan, including the Research and Development Costs thereof, and that significant uncertainties exist in any product development effort. ASTI and Allergan shall cooperate in good faith to devise mutually acceptable Work Plans for Product Research and Development Programs, Pre-Selection Work, candidate identification activities and such other activities as the parties may agree. Allergan and ASTI shall review each such Work Plan from time to time, and with respect to a Work Plan for an ASTI Product no less often than at the end of each stage of research and development, and shall revise each Work Plan as appropriate such that each Work Plan remains a best estimate of the work to be performed to complete the development objectives identified therein and of the Research and Development Costs thereunder. ASTI shall not be obligated to pay Research and Development Costs in excess of those provided for in approved Work Plans, and Allergan shall not be obligated to perform work which would result in Research and Development Costs exceeding those in approved Work Plans.