Technology Development Plan definition
Examples of Technology Development Plan in a sentence
If the Multimedia Financial Information System (See the definition in Exhibit A Technology Development Plan) that developed by Tongshi on the basis of intellectual properties that owned by WorldSpace have passed relevant inspection and have been identified as qualified by WorldSpace, the Multimedia financial Information System shall be Co-owned by WorldSpace and Tongshi.
The EMC shall be responsible for overseeing and monitoring the implementation of the Development Plan, the Technology Development Plan, intellectual property maintenance, intellectual property expansion plans, Budgets and all development, partnering, commercialization plans.
All future projected Budgets for the budgetary periods determined by the EMC relating to all future research and development activities of each and every SDC Product(s) developed under this Agreement, and work proscribed by the Technology Development Plan will be submitted to the EMC for its review and approval.
In order to promote and achieve the overall goals of this Agreement, INNOVATIVE, at its expense, shall hire and retain patent counsel with expertise in the biomedical field to assist INNOVATIVE and THERAPEUTICS in properly protecting and safeguarding the INNOVATIVE Patent Rights, including conducting the review of all existing patents and related materials contemplated by the Technology Development Plan, and preparation and prosecution of any patents hereunder.
The Parties shall establish an Executive Management Committee ["EMC"] to provide strategic, technical and commercial guidance to their collaborative efforts and to provide overall coordination of the activities of the Parties with respect to each SDC Product(s) and implement the initial Development Plan and Technology Development Plan, all subsequent amendments and revisions thereto and the initial Budgets and all subsequent amendments and revisions thereto.
The Parties will, in accordance with the relevant provisions of this Agreement, finish the Technology Development Plan (Exhibit I hereto) within twenty (20) days after the execution of this Agreement.
INNOVATIVE shall pay, on a current basis, any and all research and development expenses for Category III SDC Product(s) both internal and external, exclusive of products categorized by the FDA as OTC drug products, as well as ongoing intellectual property maintenance expenses in carrying out its responsibilities as set forth in the Technology Development Plan, as modified from time to time by the EMC.
On a Best Efforts basis, INNOVATIVE shall maintain its SDC Core Technology, all related patents and pending patents and continue to expand the SDC Core Technology and intellectual property opportunities related to Improvements as is deemed necessary, reasonable and appropriate in light of the SDC Product development activities outlined in this Agreement and approved by the EMC and described in the Technology Development Plan.
Provide expertise in the development and preparation of technical documentation (i.e., Integrated Program Summary (IPS), Acquisition Strategy (AS), Acquisition Plan (AP), Test and Evaluation Master Plan (TEMP), Technology Development Plan for Advanced Technology Demonstration (TDP), etc.
The Technology Development Plan shall clearly stipulate the requirements for Tongshi’s development, adjustment and sinization of the WorldSpace multimedia direct transmission system and relevant software, and their respective timeframes in order to execute the Cooperative Project.