Joint Development Program and Joint Development Plan Clause Samples
The "Joint Development Program and Joint Development Plan" clause defines the framework by which two or more parties collaborate to develop a product, technology, or project together. It typically outlines the process for creating, approving, and modifying a detailed development plan, including timelines, milestones, resource allocation, and responsibilities of each party. This clause ensures that all parties are aligned on objectives and procedures, minimizing misunderstandings and facilitating coordinated progress throughout the joint development effort.
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Joint Development Program and Joint Development Plan. All Development hereunder for an Optioned Product for the Shared Territory shall be referred to as the “Joint Development Program” for such Optioned Product. The Joint Development Program for each Optioned Product shall, subject to Schedule 4.3.3, be conducted pursuant to a detailed Development plan compiled by and approved by the JSC, with Jazz having final decision-making authority (each, a “Joint Development Plan” or “JDP”), that describes in each case for the applicable Optioned Product in the Shared Territory: (a) the proposed overall Joint Development Program, including costs of Manufacture of clinical supplies of such Optioned Product, (b) regulatory plans, and (c) the Development Budget for the Joint Development Program. In the event of any inconsistency between the JDP and this Agreement, the terms of this Agreement shall prevail.