Governance Generally Clause Samples
The "Governance Generally" clause establishes the overall framework and procedures for managing and overseeing the agreement or relationship between the parties. It typically outlines how decisions will be made, who holds authority, and the mechanisms for resolving disputes or making amendments. For example, it may specify the formation of a steering committee, regular meetings, or the process for escalating issues. The core function of this clause is to ensure clear, organized, and effective management of the contractual relationship, reducing ambiguity and helping prevent conflicts.
Governance Generally. Up to three (3) voting committees (the JRC, JDC and JCC) may be formed, and three (3) non-voting teams (each, a JPT) will be set up, to govern and act as reporting bodies during the Term. Subsequently, an additional oversight committee (the JSC), and/or reporting body (AAC), may be established to provide an overarching governance structure as a Product progresses from development stage to commercial stage (depending on whether such Product includes a Selected Candidate or a Joint Selected Candidate).
Governance Generally. The Parties hereby acknowledge and agree that the Committees and the procedures set forth in this Article II have been established in order to manage, oversee and coordinate the Collaboration under this Agreement. When making a decision or otherwise resolving a dispute under this Article II, each Party shall, acting in good faith and a manner consistent with its respective rights and obligations under this Agreement, attempt to reach consensus.
Governance Generally. 21 2.2 Joint Steering Committee ...........................................................................23 2.3
Governance Generally