Common use of Information Sharing Committee Clause in Contracts

Information Sharing Committee. [***] after the Effective Date, the Parties will establish an information sharing committee (the “Information Sharing Committee”). The Information Sharing Committee will be comprised of [***] representatives from each Party, or such other number of equal representatives as the Parties may mutually agree upon. From time to time each Party may replace its Information Sharing Committee representatives by written notice to the other Party specifying the prior representative(s) and their replacement(s). The Information Sharing Committee will meet at least [***], or as frequently as agreed to by the members of the Information Sharing Committee, on such dates and at such times and places as agreed to by the members of the Information Sharing Committee, provided that at least [***] will be held in person. Each Party will be responsible for its own expenses relating to attendance at or participation in Information Sharing Committee meetings. The purpose of the Information Committee will be for (i) Licensee *** Certain Confidential Information Omitted to provide Takeda with updates regarding progress of Licensee’s and its Affiliates’ and sublicensees’ Development, Manufacturing, and Commercialization activities with respect to the Compound and Product, and (ii) the Parties, in accordance with Section 12.2, to exchange Licensee Know-How and Takeda Know-How.

Information Sharing Committee. Within [***] after the Effective Date, the Parties will establish an information sharing committee (the “Information Sharing Committee”). The Information Sharing Committee will be comprised of [***] two (2) representatives from each Party, or such other number of equal representatives as the Parties may mutually agree upon. From time to time each Party may replace its Information Sharing Committee representatives by written notice to the other Party specifying the prior representative(s) and their replacement(s). The Information Sharing Committee will meet at least [***], or as frequently as agreed to by the members of the Information Sharing Committee, on such dates and at such times and places as agreed to by the members of the Information Sharing Committee, provided that at least [***] will be held in personperson unless otherwise mutually agreed. Each Party will be responsible for its own expenses relating to attendance at or participation in Information Sharing Committee meetings. The purpose of the Information Committee will be for (i) Licensee *** Certain Confidential Information Omitted Party to provide Takeda the other Party with updates regarding progress of Licenseesuch Party’s and its Affiliates’ and sublicensees(Sub)licensees’ Development, Manufacturing, and Commercialization activities with respect to the Compound and Product, and (ii) the Parties, in accordance with Section 12.2, to exchange Licensee Know-How and Takeda Know-How.