Joint Development Period definition
Examples of Joint Development Period in a sentence
Each Party shall promptly disclose to the other Party any inventions and other Know-How, including any inventions or other Know-How related to the Products or any Next Generation Product, arising under the Parties’ activities conducted pursuant to the PCA during the Joint Development Period.
Buyer shall have a right to terminate this Agreement, upon one hundred and eighty (180) days prior written notice to Supplier, upon the expiration or termination of the Joint Development Period, as provided in the Purchase and Collaboration Agreement.
Notwithstanding the other provisions of this Section 8.7, Seller’s role in the Development of Products as contemplated by this Agreement, including its participation in the Joint Development Committee and its rights and obligations set forth in this Section 8.7 in relation thereto, shall terminate upon termination of the Joint Development Period; provided, that such termination shall not limit or restrict any rights or obligations of Buyer or Seller accrued prior to such termination.
During the three (3) year period following the Effective Date (the "Joint Development Period"), the parties shall jointly work to develop and utilize Joint Technology; provided, however, that the Joint Development Period shall terminate upon the closing of a transaction in which EpiGenix or Microcide shall consummate a Change in Control.
Improvements invented, conceived or acquired by or on behalf of either or both MSC and TST, either independently or jointly, during the Joint Development Period shall be jointly and equally owned by MSC and TST, subject only to the restrictions and limitations set forth in this Section 5.3. Either MSC or TST may elect to terminate the Joint Development Period at any time after September 30, 2005 upon eighteen (18) months prior written notice, which notice may be given at any time on or after March 1, 2004.
As full compensation for the assignments, licenses, services performed (including development work performed during the Joint Development Period) and other rights granted pursuant to this Agreement, Exa agrees to pay s+c a one-time fee of €2,600,000, payable in full on the Effective Date.
Exa will retain all Intellectual Property Rights in and to its products and software (including, without limitation, the PowerFLOW software and the PowerVIZ Software assigned hereunder), any developments to non-Framework Code portions of the Licensed Products, and any developments to the Framework Code made by Exa after the Joint Development Period.
Subject to the provisions of Article XII, each of MSC and TST shall promptly inform the other in writing with respect to all Improvements invented, conceived or created by it during the Joint Development Period.
Unless the Parties agree otherwise, the Management Committee shall meet (i) no less frequently than monthly during the Joint Development Period, and quarterly during the Operating Period and (ii) at special meetings called by the Chair of the Management Committee.
During the Joint Development Period, neither party shall engage any third party to conduct research or development work with regard to Licensed Products or Improvements without first advising the other party and seeking its consent Confidential information redacted and filed separately with the Commission.