Common use of Information Regarding Development Activities Clause in Contracts

Information Regarding Development Activities. Each Party shall maintain, or cause to be maintained, records of Development work for which it is the Responsible Party under each Development Plan, in sufficient detail and in good scientific manner as appropriate for patent, regulatory and/or scientific purposes, which records shall fully and properly reflect all work done and results achieved by or on behalf of such Party in the performance of Development work for which it is the Responsible Party under each Development Plan. Each Party shall retain such records for at least * after the term of this Agreement, or for such longer period as may be required by Applicable Laws. Each Party shall keep the other Party appropriately informed, through the JDC or otherwise, of the status and results of the Development work for which it is the Responsible Party under each Development Plan, including by providing on a monthly basis (or more frequently as reasonably requested by the other Party) a written technical progress report describing, in sufficient detail to enable the other Party to review and assess, on a fully informed basis, the Responsible Party’s progress in performing the Development Plan activities for which it is responsible, the following: (i) Development activities conducted by or on behalf of the Responsible Party, including any such activities performed by a permitted subcontractor; (ii) the progress achieved in implementing and executing each Development Plan, including providing deliverables and achieving milestones (if * Confidential Treatment Requested. any) set forth in each Development Plan; (iii) Know-How developed or created in the course of performing Development; (iv) any difficulties and unexpected circumstances encountered, as well as variations, if any, from the schedule set forth in the Development Plan; and (v) any other relevant matters. Upon reasonable request by the other Party, without limiting the foregoing, the Responsible Party shall provide the other Party with summaries of data and results and other Know-How resulting from Development work for which it is the Responsible Party under a Development Plan and, if requested by the other Party, shall provide access to all data and results and other Know-How in the possession or under the control of the Responsible Party that are generated or obtained by such Responsible Party or its permitted subcontractors in the course of performance of Development work. Upon reasonable prior written notice, the other Party shall have the right to inspect and copy any such records and notebooks in the possession or under the control of the Responsible Party reflecting the work done and results achieved under a Development Plan by the Responsible Party or any permitted subcontractor.

Information Regarding Development Activities. Each Party Acucela shall maintain, or cause to be maintained, records of Development work for which it is the Responsible Party under each Development Plan, in sufficient detail and in good scientific manner as appropriate for patent, regulatory and/or scientific purposespurposes and to enable Otsuka to verify Acucela’s compliance with all of its obligations under each Development Plan and this Agreement, which records shall fully and properly reflect all work done and results achieved by or on behalf of such Party Acucela in the performance of Development work for which it is under the Responsible Party under each Development PlanPlans. Each Party Acucela shall retain such records for at least * five (5) years after the term of this Agreement, or for such longer period as may be required by Applicable Laws. Each Party Acucela shall keep the other Party Otsuka appropriately informed, through the JDC or otherwise, of the status and results of the Development work for which it is the Responsible Party under each Development Planwork, including by providing on a monthly basis (or more frequently as reasonably requested by the other PartyOtsuka) a written technical progress report describing, in sufficient detail to enable the other Party Otsuka to review and assess, on a fully informed basis, the Responsible PartyAcucela’s progress in performing the Development Plan activities for which it is responsiblePlan, the following: (i) Development activities conducted by or on behalf of the Responsible PartyAcucela, including any such activities performed by a permitted subcontractor; (ii) the progress achieved in implementing and executing each Development Plan, including providing deliverables and achieving milestones (if * Confidential Treatment Requested. any) set forth in each Development Plan; (iii) Know-How developed or created in the course of performing Development; (iv) any difficulties and unexpected circumstances encountered, as well as variations, if any, from the schedule set forth in the Development Plan; and (v) any other relevant matters. Upon reasonable request by the other PartyOtsuka, without limiting the foregoing, the Responsible Party Acucela shall provide the other Party Otsuka with summaries of data and results and other Know-How resulting from Development work for which it is the Responsible Party under a Development Plan and, if requested by the other PartyOtsuka, shall provide access to all data and results and other Know-How in the possession or under the control of the Responsible Party Acucela or any permitted subcontractor that are generated or obtained by such Responsible Party or its permitted subcontractors in the course of performance of Development work. Upon reasonable prior written notice, the other Party Otsuka shall have the right to inspect and copy any such records and notebooks in the possession or under the control of the Responsible Party reflecting the work done and results achieved under a Development Plan by the Responsible Party Acucela or any permitted subcontractor.

Information Regarding Development Activities. Each Party Acucela shall maintain, or cause to be maintained, records of Development work for which it is the Responsible Party under each Development Plan, in sufficient detail and in good scientific manner as appropriate for patent, regulatory and/or scientific purposespurposes and to enable Otsuka to verify Acucela’s compliance with all of its obligations under each Development Plan and this Agreement, which records shall fully and properly reflect all work done and results achieved by or on behalf of such Party Acucela in the performance of Development work for which it is under the Responsible Party under each Development PlanPlans. Each Party Acucela shall retain such records for at least * five (5) years after the term of this Agreement, or for such longer period as may be required by Applicable Laws. Each Party Acucela shall keep the other Party Otsuka appropriately informed, through the JDC or otherwise, of the status and results of the Development work for which it is the Responsible Party under each Development Planwork, including by providing on a monthly basis (or more frequently as reasonably requested by the other PartyOtsuka) a written technical progress report describing, in sufficient detail to enable the other Party Otsuka to review and assess, on a fully informed basis, the Responsible PartyAcucela’s progress in performing the Development Plan activities for which it is responsiblePlan, the following: (i) Development activities conducted by or on behalf of the Responsible PartyAcucela, including any such activities performed by a permitted subcontractor; (ii) the progress achieved in implementing and executing each Development Plan, including providing deliverables and achieving milestones (if * Confidential Treatment Requested. any) set forth in each Development Plan; (iii) Know-How developed or created in the course of performing Development; (iv) any difficulties and unexpected circumstances encountered, as well as variations, if any, from the schedule set forth in the Development Plan; and (v) any other relevant matters. Upon reasonable request by the other PartyOtsuka, without limiting the foregoing, the Responsible Party Acucela shall provide the other Party Otsuka with summaries of data and results and other Know-How resulting from Development work for which it is the Responsible Party under a Development Plan and, if requested by the other PartyOtsuka, shall provide access to all data and results and other Know-How in the possession or under the control of the Responsible Party Acucela or any permitted subcontractor that are generated or obtained by such Responsible Party or its permitted subcontractors in the course of 30 performance of Development work. Upon reasonable prior written notice, the other Party Otsuka shall have the right to inspect and copy any such records and notebooks in the possession or under the control of the Responsible Party reflecting the work done and results achieved under a Development Plan by the Responsible Party Acucela or any permitted subcontractor.