Common use of Product Development Clause in Contracts

Product Development. 10.1 Manufacturer agrees to assist Company in research and development efforts related to improvements and modifications to its existing line of Products. During development of each additional product, the costs of production, raw materials and testing of such additional product shall be borne by Company. Company shall reimburse Manufacturer for all agreed upon costs associated with its assistance.

Appears in 2 contracts

Samples: Manufacturing and Purchasing Agreement (Vita Coco Company, Inc.), Manufacturing and Purchasing Agreement (All Market Inc.)

AutoNDA by SimpleDocs

Product Development. 10.1 15.1 Subject to Section 13.8, Manufacturer agrees to assist Company in research and development efforts related to improvements and modifications to its it’s existing line of Products. During development of each additional product, the costs of production, raw materials and testing of such additional product shall be borne by Company. Company shall reimburse Manufacturer for all agreed upon costs associated with its assistance.

Appears in 1 contract

Samples: Manufacturing and Purchasing Agreement (Vita Coco Company, Inc.)

AutoNDA by SimpleDocs

Product Development. 10.1 11.1 The Manufacturer agrees to assist the Company in research and development efforts related to improvements and modifications to its existing line of Products. During development of each additional product, the costs of production, raw materials and testing of such additional product shall be borne by the Company. The Company shall reimburse the Manufacturer for all agreed upon costs associated with its assistanceassistance within a [***] days from receipt of the invoice.

Appears in 1 contract

Samples: Manufacturing and Purchasing Agreement (Vita Coco Company, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!