Common use of Review of Existing Data Clause in Contracts

Review of Existing Data. The Technical Committee, assisted by the Technical Manager, shall review and evaluate the Existing Data from Members and third parties so collected. The Technical Consultant will assess the scientific and financial value of such Data on the basis of generally recognized valuation rules normally used in the framework of REACH and in accordance with best industry practice. The assessment, including proposed compensation to the contributing Member/party will then be submitted for approval to the Steering Committee. Members shall make best efforts to assist Consortium Members obtain a license to use data co-owned by third parties at an appropriate cost.