Common use of Approval or Rejection of the Change Proposal Clause in Contracts

Approval or Rejection of the Change Proposal. 14.2.1 Should the change proposal be approved by CzechInvest, a corresponding CCN shall be prepared by CzechInvest 's contractual representatives as stated in Article 9.3(c) and submitted to both Parties for signature. 14.2.2 Should a change proposal be rejected for any reason, the Incubatee shall be informed accordingly, together with the reasons for the rejection. At the request of either Party, the change may be discussed at a Change Review Board, consisting of a contractual and a technical representative of each Party.