R&D Party definition

R&D Party is any Person that enters into an R&D Collaboration with a Borrower.

Examples of R&D Party in a sentence

  • The assigned R&D Party shall prepare minutes for such meeting in advance of the next Research and Development Committee meeting and the Research and Development Committee shall review, revise if necessary, and approve such minutes at such next Research and Development Committee meeting.

  • Party B shall provide data, drawings, parameter, theory, test basis and principles resulted from R&D; Party B will provide R&D staff and is fully responsible for the research of the project.

  • Any R&D Party may replace its respective Research and Development Committee members at any time, upon written notice to the other R&D Parties.

  • Upon advance written consent of other R&D Parties, other representatives of a R&D Party may attend Research and Development Committee meetings as non-voting observers.