JSC Governance Clause Samples
The JSC Governance clause establishes the framework for how a Joint Steering Committee (JSC) will oversee and manage the collaboration between parties. It typically outlines the composition of the committee, the frequency of meetings, decision-making processes, and the scope of authority granted to the JSC, such as resolving disputes or approving key project milestones. By defining these governance mechanisms, the clause ensures coordinated management, facilitates effective communication, and provides a structured process for addressing issues that arise during the partnership.
JSC Governance. The JSC will determine the JSC operating procedures, including frequency of meetings (at least quarterly), location of meetings, and responsibilities for agendas and minutes. The JSC will codify these operating procedures in the written minutes of the first meeting.
JSC Governance. One of the primary purposes of the JSC is to empower the JSC to make decisions with respect to the composition and conduct of the R&D Plans that are not specifically vested in a Party under this Agreement. Nothing in this SCHEDULE 1.5.1 is intended to affect any decision-making authority granted to a Party in the body of the Agreement.
JSC Governance. Unless otherwise mutually agreed by the parties, the JSC will consist of 2 employees from each party, each party can change some or all of its designated members at any time for any reason by notice to the other party, and each party is responsible for the costs and expenses of its designated members participation in JSC activities. Unless otherwise determined by the JSC members by unanimous consent, the JSC will meet weekly starting promptly after the effective date of the CONTRACT until delivery of Batch 1B or May 31, 2025, whichever occurs first, and thereafter as may be mutually agreed by the JSC members, and JSC meetings may be conducted remotely, by phone or videoconference, or in person.
JSC Governance. The JSC shall be comprised of no more than three (3) persons from each Party, with each Party collectively having one vote on the JSC. A Party may replace any or all of its representatives on the JSC at any time upon written notice to the other Party. Any member of the JSC may designate a substitute to attend and perform the functions of that member at any meeting of the JSC; provided that each JSC representative shall have sufficient experience and expertise in development and manufacturing matters in the pharmaceuticals and/or biotechnology industries to serve on the JSC. The JSC shall appoint a chairperson from among the Novo Nordisk members. Each Party shall be allowed to invite a non-voting alliance manager and the Novo Nordisk alliance manager shall consolidate agenda, minutes and logistics for the JSC meetings. Each member of the JSC may invite such other non-members (subject to a written agreement by such non-member to comply with confidentiality and non-use provisions at least as stringent as those set forth in Section 12) as deemed necessary.
JSC Governance