Development Plan and Study Protocols Sample Clauses

Development Plan and Study Protocols. The Development to be conducted by Licensee pursuant to Section 3.1 above including, but not limited to the timelines for such Development shall be substantially as set forth in a proposed development plan (the “Development Plan”). The Development Plan will take account of Schering’s interest in Product outside the Territory and will be reviewed by the Steering Committee. Within sixty (60) days after the Effective Date Licensee will present a draft of the initial Development Plan to the Steering Committee for review. This draft Development Plan and any amendments to the Development Plan shall be reviewed by the Steering Committee and any reasonable proposals made by Schering will be taken into account by Licensee. Each Party will submit to the other Party in advance all draft study protocols for the performance of planned studies in the course of Development of Product by such Party for review. Each Party will inform the other Party about the progress of its Development of Product. Notwithstanding the foregoing Licensee shall have the right to make all decisions with respect to all matters relating to Development of Product in the Field in the Territory and Schering shall have the right to make all decisions with respect to all matters relating to Development of Product outside the Territory and outside the Field but inside the Territory, taking into account the considerations set forth herein.