Development Milestone definition
Examples of Development Milestone in a sentence
Notwithstanding anything to the contrary in this Agreement, if any substituted Initial Collaboration Product has achieved any Development Milestone Event prior to substitution in accordance with Section 4.1 (Substitution Right), then no Development Milestone Payment shall be payable with respect to the achievement of the same Development Milestone Event by the Substitute Collaboration Product replacing such Initial Collaboration Product.
During the Term at each meeting of the JRC or as otherwise agreed by the Parties, Opus will provide the JRC with written reports or presentations regarding the progress and results of any Development activities with respect to the RDH12 Program conducted by or on behalf of Opus since the prior JRC meeting, and going-forward plans for Development activities to be conducted in the upcoming [***] months, including with respect to progress of each Development Milestone.