Common use of Project Review Clause in Contracts

Project Review. (a) If during the Project a party (Reviewer) forms the reasonable opinion that some aspects of the Project should be varied, then the Reviewer must promptly send the other party (Receiver) a notice giving details of the basis for its opinion and a proposal as to how the Project (and including the Project Plan if applicable) should be varied (Review Notice). (b) Within 30 days of receiving a Review Notice, if the Receiver is not prepared to accept the Review Notice, the parties must meet and negotiate in good faith variations to the Project Plan to address the concerns raised in the Review Notice. (c) If the parties agree to vary the Project Plan, they will execute a written variation in accordance with clause 24.6. (d) If the parties are unable to agree to a variation to the Project Plan then the parties must continue working in accordance with the unaltered Project Plan and this Agreement.

Appears in 3 contracts

Samples: Standard Research Agreement, Research Agreement, Research Agreement

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Project Review. β€Œ (a) If during the Project a party (Reviewer) forms the reasonable opinion that some aspects of the Project should be varied, then the Reviewer must promptly send the other party (Receiver) a notice giving details of the basis for its opinion and a proposal as to how the Project (and including the Project Plan if applicable) should be varied (Review Notice). (b) Within 30 days 20 Business Days of receiving a Review Notice, if the Receiver is not prepared to accept the Review Notice, the parties must meet and negotiate in good faith variations to the Project Plan to address the concerns raised in the Review Notice. (c) If the parties agree to vary the Project Plan, they will execute a written variation in accordance with clause 24.6. (d) If the parties are unable to agree to a variation to the Project Plan then the parties must continue working in accordance with the unaltered Project Plan and this Agreement.

Appears in 2 contracts

Samples: Standard Research Agreement, Research Agreement

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