Duties of the Joint Committee. The Joint Committee shall:
Duties of the Joint Committee. The Joint Committee will act on behalf of and by delegation of the governing entities of both organizations and it will have the following duties, among others: To propose the lines of collaboration on the research, development and innovation projects and programs, as well as training, that are of common interest. To produce the Specific Agreements for implementation of this Operating Procedure on the chosen matters, within the forms of collaboration established in condition three. To look into and decide on the proposals for Specific Agreements or other Agreements between the parties that are presented by the units contained within both organizations. To submit the proposals produced to the competent sections of both parties. To clarify and decide on any questions that may arise from the interpretation and implementation of the Specific Agreements or other Agreements between the parties. To monitor the specific Agreements that are signed. EIGHT. · OWNERSHIP OF THE ASSETS CONTRIBUTED The equipment contributed by one of the parties in a common research program will always remain their property. The ownership and maintenance of the property and equipment acquired or constructed within the framework of a common project, as well as intangible assets (intellectual and industrial property), will be determined pursuant to current legal and regulation provisions and, for anything not contained therein, as determined in each case by the corresponding Specific Agreement or Research Contract.
