R&D Project definition
Examples of R&D Project in a sentence
Subject to receipt of funding from the Government and payment of the Matching Funds by the Company and the Collaborator’s due and punctual compliance with and observance of the Terms of the R&D Project, HKRITA shall contribute not more than HK$[***] to the R&D Project Cost (the “Funds”) in the manner specified in clauses 14.1 and 14.2, and contribute to the administrative overheads of the R&D Project in the manner specified in clause 14.5.
If the Company or any of its employees, officers, servants, directors, sub-contractors, consultants, representatives, agents or other personnel who are in any way involved in the R&D Project commits any offence under the Prevention of Bribery Ordinance in relation to the R&D Project or the Commercialisation of the Project Deliverables, HKRITA shall be entitled to early terminate this Agreement in accordance with clause 36.4.
A steering committee for the R&D Project (the “Steering Committee”) has been established, [***].
The Company shall contribute HK$ [***] and inject the [***] of the Industry Sponsorship into the R&D Project with an aggregate cash value of HK$[***] as specified in the Project Proposal (the “Matching Funds”) as its part of contribution to the R&D Project Cost, which contribution shall be made wholly in cash.
It is anticipated that the R&D Project shall be successfully completed on the Completion Date.