Development Progress Reports. Corium shall submit to Xxxx a report (the “Development Progress Report”) detailing the progress of the development of each Product within ten (10) days following the end of each calendar month. Such report shall include an updated Development Budget, by quarter, for the remainder of the Development Program for each Product. To the extent the updated Development Budget deviates from the prior Development Budget submitted for such Product, Xxxx shall review the reasons for such deviation and decide whether to amend the Development Budget accordingly. Xxxx acknowledges that if the parties do develop the [*]Product that the parties plan to develop under this Agreement, then the Budget for the [*] Product will be [*], which represents [*]of the Budget. If Xxxx decides to amend the Development Budget, the Development Budget, as amended by Xxxx, shall constitute the “Amended Development Budget.”
Appears in 4 contracts
Samples: And Commercialization Agreement, And Commercialization Agreement (Corium International, Inc.), And Commercialization Agreement (Corium International, Inc.)
