Contract Services and Goods. 2.4 Discovery of Lead Compounds
Contract Services and Goods. The Research Program indicates the Parties’ currently anticipated needs for contracted services and goods. The decision on contracting any goods and services from Third Parties shall be made by the Management Team. SCHERING shall be responsible for funding such contracted services and goods if needed and as indicated in one of the Research Plan(s) on a case-by-case basis up to a maximum of $[*****] for each full calendar year, such amount to be reduced ratably for any partial year. The cost of any other contracted goods and services as are provided for in the Research Plan(s) shall be shared equally by the Parties. As is set forth in more detail in Section 2.2.2, the Parties shall commit [*****] FTE’s each to the performance of the Research Program. In the event EPIX in fact commits less than [*****] FTE’s to the performance of the Research Program, then the funding for contracted goods and services set forth herein shall be reduced ratably over such period of time unless the RSC shall determine otherwise. With regard to all contracts already executed prior to the Effective Date for which the Parties may agree to include them in the Field and, therefore, this Agreement, all payments due under those contracts for the calendar year 2003 shall be paid pro rata under this Section 2.3 as of the Effective Date. It is understood between the Parties that the inclusion of any such Third Party contract may only be included in this Agreement upon the Third Party’s consent. [*****] the Parties agree [*****] of [*****] does [*****], Epix and Schering [*****] of [*****] contract as [*****] or [*****]
