Development Progress Meetings Clause Samples
The Development Progress Meetings clause establishes regular meetings between the parties involved in a project to review and discuss the status of ongoing development work. Typically, these meetings are scheduled at set intervals, such as weekly or monthly, and may involve sharing progress reports, addressing challenges, and updating timelines. By formalizing these check-ins, the clause ensures clear communication, early identification of issues, and alignment on project goals, ultimately helping to keep the project on track and minimizing misunderstandings.
Development Progress Meetings. Upon the request of Shionogi or Lilly, but not more than twice per year, Anthera shall meet with Shionogi and Lilly to review the status of the development of Licensed Products by Anthera and its Affiliates and sublicensees. Such meetings may be held telephonically.
Development Progress Meetings. Upon the request of Lilly, but not more than twice per year, Anthera shall meet with Lilly to review the status of the development of Licensed Products by Anthera and its Affiliates and sublicensees. Such meetings may be held telephonically.
Development Progress Meetings. Purchaser shall maintain, and shall cause its Subsidiaries and Licensees to maintain, reasonable documentation, consistent with Purchaser’s customary practices, regarding development activities relating to the efforts undertaken to achieve the conditions required to satisfy the Milestones. In addition, until the earliest of (i) such time as all Earn-Out Payments have been paid by Purchaser pursuant to this Section 1.7, (ii) the end of the Earn-Out Period, or (iii) a Termination Decision, if Seller requests in writing a meeting with representatives of Purchaser to discuss the status of Purchaser’s efforts to achieve the conditions required to satisfy the Milestones (a “Development Progress Meeting”), Purchaser shall make one or more representatives of Purchaser (as determined by Purchaser, provided that at least one of such representatives shall be an appropriate member of the executive management team of Purchaser) available for a Development Progress Meeting (by videoconference or in Purchaser’s offices) at such date and time as shall be mutually agreed upon by Purchaser and Seller. At each Development Progress Meeting, Purchaser’s representatives shall make a presentation covering material developments since the last meeting and respond to Seller’s inquiries in order to reasonably enable Seller to evaluate Purchaser’s compliance with its obligations hereunder; provided that in no event shall Purchaser be required to prepare any documentation that does not then exist. Seller may not request more than two (2) Development Progress Meetings with Purchaser in any twelve (12) month period. Any information disclosed in such meeting shall be subject to Section 4.2 hereof.