JOINT PRODUCT DEVELOPMENT Sample Clauses
The Joint Product Development clause establishes the terms under which two or more parties collaborate to design, develop, or improve a product together. It typically outlines each party’s roles, responsibilities, and contributions, such as sharing technical expertise, resources, or intellectual property. This clause ensures that all parties have a clear understanding of how the development process will be managed, how ownership of resulting products or inventions will be handled, and how any resulting profits or rights will be allocated, thereby preventing disputes and promoting effective cooperation.
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JOINT PRODUCT DEVELOPMENT. 3.1 The Parties shall continue to market and sell their vehicles independently and on a competitive basis under their respective brands. With respect to platforms and their components, the Parties shall cooperate on the development of vehicles and their components on shared selected platforms, aiming at the convergence of modules and components, in order to leverage volumes, advance technologies and reduce emissions.
3.2 In order to implement the foregoing, the Parties or their appropriate Affiliates shall enter into:
(i) a framework development agreement concerning the development of the Products and the ownership and licensing of Intellectual Property relating to the Products, including the terms (other than industrialization and transfer pricing) set out in Exhibit 2 (the “Development Agreement”): the Parties confirm that the Development Agreement executed by the Parties on the date hereof satisfies entirely the obligations of the Parties under this Section 3.2(i);
(ii) supply agreements concerning the supply of the Products, including the terms concerning industrialization and transfer pricing set out in Exhibit 2 (the “Supply Agreements”); and
(iii) powertrain supply agreements concerning the supply of engines and transmissions to be installed in the Products, including the terms concerning industrialization and transfer pricing set out in Exhibit 2 (the “Powertrain Supply Agreements”).
JOINT PRODUCT DEVELOPMENT. 3.1 The Parties are interested in investigating a joint development of a new line of products which would combine key elements of Hydrocell's existing technology of tubular shaped 20 Watt modular systems with key elements of MORE's existing technology of proprietary fuel as well as catalytic materials and electrode technology. The performance envelope for such new Products will be no less than 20 Watts and no more than 200 Watts and will be for applic▇▇▇▇▇s in the area of military programs, automotive uses, and stationary power systems. Any marketing or sale for other applications will require the prior written approval of both Parties which they may deny at their sole discretion. The Parties will jointly own the resulting product and they will agree on the commercialization sharing including allocation of markets, cross-licensing terms and royalty terms. Both Party's reserve the right to offer their own products to the above markets in parallel to the new jointly owned Product. It is the intention that in each instance where a party intends to offer its own products as well it will first discuss the situation with the other Party without limiting its absolute discretion to make its own decision.
3.2 The Parties will finalize a Statement of Work and separate agreement for this joint development as soon as practicable. It is assumed that each Party would absorb its own costs in such development effort and would share joint expenses (such as testing). The Parties will make efforts to find customer funding if possible and they will equitably share in any such funding.
JOINT PRODUCT DEVELOPMENT. 3.1 The Parties shall continue to market and sell their vehicles independently and on a competitive basis under their respective brands. With respect to platforms and their components, the Parties shall cooperate on the development of vehicles and their components on shared selected platforms on a worldwide basis, aiming at the convergence of modules and components, in order to leverage volumes, advance technologies and reduce emissions.
3.2 In order to implement the foregoing, the Parties or their appropriate Affiliates shall enter into:
(i) development agreements concerning the development of the Products and the ownership and licensing of Intellectual Property relating to the Products, including the terms (other than industrialization and transfer pricing) set out in Exhibit 2 (the “Development Agreements”);
(ii) supply agreements concerning the supply of the Products, including the terms concerning industrialization and transfer pricing set out in Exhibit 2 (the “Supply Agreements”); and
(iii) powertrain supply agreements concerning the supply of engines and transmissions to be installed in the Products, including the terms concerning industrialization and transfer pricing set out in Exhibit 2 (the “Powertrain Supply Agreements”).
JOINT PRODUCT DEVELOPMENT. As may be mutually agreed to from time to time by the parties hereto, IWAV and UTStarcom agree to jointly cooperate in the design and development of products other than the Products, and/or new features for the Products. UTStarcom and IWAV agree that any such joint product development shall be the subject of a separate agreement, the terms and conditions of which to be mutually agreed to by the parties.
JOINT PRODUCT DEVELOPMENT. Readiness for Phase IIb Development. With respect to any Product that is subject to Joint Development pursuant to Section 5.4(c) above, the JDC for such Product Candidate shall discuss and determine whether the Product Candidate is ready for Phase IIb Clinical Studies, and if not, what additional Development activities are required prior to the conduct of a Phase IIb Clinical Study.
JOINT PRODUCT DEVELOPMENT. Racom and Rohm agree to cooperate in the development of Ferroelectric RFID Products. Racom's responsibilities shall be the definition, electrical design, marketing and sales. Rohm's responsibilities shall be the physical design, wafer manufacturing and testing. Rohm will have the exclusive manufacturing right for jointly developed products and Racom will have the exclusive marketing and sales rights. Each party will be responsible for funding their own efforts under their respective development responsibilities. After successful completion of development, Racom will order and purchase jointly developed products from Rohm in accordance with Section 5.1. Rohm and Racom agree that the first two designs for joint development are the ▇▇ ▇▇ ASIC and a second HF ASIC both scheduled to complete development by the end of 1996.
JOINT PRODUCT DEVELOPMENT