Common use of Research and Development Clause in Contracts

Research and Development. Purchaser and Seller agree that adjustments to research and development expenses for the purposes of determining Tax credits for research and development activities shall be governed by Section 41(f)(3) of the Code. Pursuant to Section 41(f)(3)(B) of the Code, Seller shall furnish the Purchaser information as is necessary for the application of Section 41(f)(3)(A) of the Code.

Appears in 4 contracts

Samples: Purchase Agreement (International Paper Co /New/), Purchase Agreement (Weyerhaeuser Co), Purchase Agreement (Weyerhaeuser Co)

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Research and Development. Purchaser and Seller agree that adjustments to research and development expenses for the purposes of determining Tax credits for research and development activities shall be governed by Section 41(f)(3) of the Code. Pursuant to Section 41(f)(3)(B) of the Code, Seller shall furnish the Purchaser with information as is necessary for the application of Section 41(f)(3)(A) of the Code.

Appears in 1 contract

Samples: Asset Purchase Agreement (Weyerhaeuser Co)

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