Formation, Purpose and Dissolution Clause Samples

Formation, Purpose and Dissolution. The JSC shall have ultimate responsibility to establish one or more subcommittees from time to time as and when it deems appropriate to oversee specific aspects of the Development, Regulatory Approval, Manufacturing and Commercialization of Products, for example a Joint Development Subcommittee and a Joint Manufacturing Subcommittee. The JSC subcommittees shall operate by the procedures set forth in Section 2.4 (unless otherwise agreed by the JSC) and shall report directly into the JSC. The subcommittees will cease to operate when the JSC ceases to operate.