Common use of JPT Responsibilities Clause in Contracts

JPT Responsibilities. Except as provided in Sections 5.10, 6.1 and 6.2.1, the JPT shall be responsible for: (a) directing all day-to-day aspects of the Development and Commercialization of, and the Legal Activities with respect to, the Product; (b) preparing and submitting to the Joint Steering Committee ("JOINT STEERING COMMITTEE" or "JSC") an Annual Collaboration Plan for each Contract Year; (c) discussing and resolving ongoing issues; and (d) periodically reporting to the JSC and referring any disputes not resolved by the JPT to the JSC for resolution. The JPT shall only act unanimously and each Party, acting through its representatives, shall have one vote on the JPT. Within thirty (30) days after each meeting, the Project Leaders will jointly provide the JSC with a written report describing, in reasonable detail, the status of the Collaborative Program and the Development and Commercialization of, and Legal Activities with respect to, the Product, including, without limitation, a summary of the results and progress to date, the status of the then-current budget in the Annual Collaboration Plan (actuals vs. estimates), project timelines, critical path issues and any other issues requiring resolution, proposed solutions to such issues, and the agreed resolution of previously reported issues.

JPT Responsibilities. Except as provided in Sections 5.10, 6.1 and 6.2.1, the JPT shall be responsible for: (a) directing all day-to-day aspects of the Development and Commercialization of, and the Legal Activities with respect to, the Product; (b) preparing and submitting to the Joint Steering Committee ("JOINT STEERING COMMITTEE" “Joint Steering Committee” or "“JSC"”) an Annual Collaboration Plan for each Contract Year; (c) discussing and resolving ongoing issues; and (d) periodically reporting to the JSC and referring any disputes not resolved by the JPT to the JSC for resolution. The JPT shall only act unanimously and each Party, acting through its representatives, shall have one vote on the JPT. Within thirty (30) days after each meeting, the Project Leaders will jointly provide the JSC with a written report describing, in reasonable detail, the status of the Collaborative Program and the Development and Commercialization of, and Legal Activities with respect to, the Product, including, without limitation, a summary of the results and progress to date, the status of the then-current budget in the Annual Collaboration Plan (actuals vs. estimates), project timelines, critical path issues and any other issues requiring resolution, proposed solutions to such issues, and the agreed resolution of previously reported issues.