Common use of Scope of Governance Clause in Contracts

Scope of Governance. Notwithstanding the creation of each the Committees, each Party shall retain the rights, powers, and discretion granted to it under this Agreement, and no Committee shall be delegated or vested with rights, powers, or discretion unless such delegation or vesting is expressly provided herein, or the Parties expressly so agree in writing. It is understood and agreed that issues to be formally decided by a particular Committee are only those specific issues that are expressly provided in this Agreement to be decided by such Committee, as applicable.

Appears in 2 contracts

Samples: Collaborative Development and Commercialization Agreement, Collaborative Development and Commercialization Agreement (Histogen Inc.)

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Scope of Governance. Notwithstanding the creation of each of the Committees, each Party shall retain the rights, powers, powers and discretion granted to it under this Agreement, and no Committee shall be delegated or vested with rights, powers, powers or discretion unless such delegation or vesting is expressly provided herein, or the Parties expressly so agree in writing. It is understood and agreed that issues to be formally decided by a particular Committee are only those specific issues that are expressly provided in this Agreement to be decided by such Committee, as applicable.

Appears in 2 contracts

Samples: Discovery and Development Collaboration and License Agreement (Agios Pharmaceuticals Inc), Discovery and Development Collaboration and License Agreement (Agios Pharmaceuticals Inc)

Scope of Governance. Notwithstanding the creation of each the Committeesa Committee, each Party shall will retain the rights, powers, powers and discretion granted to it under this Agreementhereunder, and no not Committee shall will be delegated or vested with rights, powers, powers or discretion unless such delegation or vesting is expressly provided herein. No Committee will have the power to amend or modify this Agreement, or the Parties expressly so agree and no decision of a Committee will be in writingcontravention of any terms and conditions of this Agreement. It is understood and agreed that issues to be formally decided by a particular Committee are only those specific issues that are expressly provided in this Agreement to be decided by such Committee, as applicable.

Appears in 1 contract

Samples: License Agreement (Turning Point Therapeutics, Inc.)

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Scope of Governance. Notwithstanding the creation of each of the Committees, each Party shall retain the rights, powers, powers and discretion granted to it under this Agreement, and no Committee shall be delegated or vested with rights, powers, powers or discretion unless such delegation or vesting is expressly provided herein, or the Parties expressly so agree in writing. No Committee shall have the power to amend or modify this Agreement, and no decision of any Committee shall be in contravention of any terms and conditions of this Agreement. It is understood and agreed that issues to be formally decided by a particular Committee are only those specific issues that are expressly provided in this Agreement to be decided by such Committee, as applicable.

Appears in 1 contract

Samples: Drug Discovery and Development Agreement (Array Biopharma Inc)

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