JSC definition
Examples of JSC in a sentence
To prepare the written minutes of each meeting of the JSC and circulate such minutes for review, comment, and approval by the Parties.
The JSC shall consist of (i) one member designated by LICENSEE to serve as the JSC chair (the “Committee Chair”); and (ii) two representatives from each Party (“Managers") designated by each Party, provided the Parties may agree in writing to a different number of representatives, and the Committee Chair is not also a Manager.
Each Party shall bear its own expenses in connection with its participation on the JSC.
At least one (1) Manager from each Party shall have the authority to make decisions on behalf of and bind such Party within the scope of the authority of the JSC.
JSC shall thereafter engage in good faith discussions and/or negotiations to adjust relevant development timelines, undertake further efforts to overcome any difficulties, or to otherwise recommend termination of this Agreement, as appropriate.