The Development Plan Clause Samples
The Development Plan clause outlines the requirements and expectations for creating, submitting, and updating a detailed plan for the development of a project or product. Typically, it specifies the timeline, milestones, deliverables, and approval process for the plan, ensuring that both parties are aligned on the project's scope and progress. By formalizing these elements, the clause helps manage expectations, track progress, and reduce misunderstandings, ultimately facilitating smoother project execution and accountability.
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The Development Plan. 4.1.1 Establishment of the Development Plan. Within one hundred eighty (180) days following the Effective Date, the Development Team shall prepare and present to the Alliance Management Committee for its review and approval a proposed DEVELOPMENT PLAN for the remainder of the current CALENDAR YEAR and for the two (2) subsequent CALENDAR YEARS. Thereafter, on an annual basis, consistent with each Party's normal timelines for the budget planning process but in no event later than November 1 of each year, the Development Team shall prepare and present to the Alliance Management Committee for its review and approval a proposed DEVELOPMENT PLAN for the next CALENDAR YEAR and for the two (2) subsequent CALENDAR YEARS. Each proposed DEVELOPMENT PLAN shall consist of (a) a reasonably detailed plan and budget for the first CALENDAR YEAR covered by such plan, and (b) a preliminary assessment of the development activities to be performed during the two (2) subsequent CALENDAR YEARS covered by such plan. Upon approval of the Alliance Management Committee in accordance with Section 3.1 above, the proposed DEVELOPMENT PLAN, with such changes as the Alliance Management Committee may establish, shall become the DEVELOPMENT PLAN for the relevant period. If such a plan and budget is not established by January 1 of a CALENDAR YEAR, then, until it is established, the Parties shall continue to fund (pursuant to Section 4.4) those ongoing trials that were started under a previously approved DEVELOPMENT PLAN in accordance with the terms thereof.
The Development Plan. Within 180 days of execution of this MOU, the Developer agrees to submit a development plan (“Development Plan”) in accordance with the open Solicitation of Development Partners (SDP) outlining their plans to develop a mixed use development offering. The Developer has met and discussed this plan with the Town and the Town feels this high-quality investment is important to integrate into the Town Center. The Developer will include a schedule for property closing and construction. Developer acknowledges that the Town has reasonable architectural review rights and the design and architecture of the Project shall be subject to Town approval, which approval shall not be unreasonably withheld.
The Development Plan. In conformance with the requirements of the Agreement, the Company has annexed its Development Report to this First Amendment as Appendix C to the Agreement.
The Development Plan. 4.1.1. Establishment of the Development Plan. Within one hundred eighty (180) days following the Effective Date, the Development Team shall prepare and present to the Alliance Management Committee for its review and approval a proposed DEVELOPMENT PLAN for the remainder of the current CALENDAR YEAR and for the two (2) subsequent CALENDAR YEARS. Thereafter, on an annual ----------
The Development Plan. The overall strategy and anticipated budget for the Development of any Product are set out in the first Development Plan attached as Schedule 1. The Development Plan, including the Outline Candidate Evaluation and Selection Plan, Phase I Product and Clinical Development Plan and Later Stage Clinical Development Plan, shall be revised and updated by the SC as and when necessary during the course of the Development Programme with the intent that the Development Plan shall:
(a) identify Development Activities to be conducted by each of the Parties and the anticipated timelines for such activities;
(b) specify the standards applicable to any Development Activities including whether particular Development Activities are to be conducted in accordance with GLP, GMP or GCP;
(c) include and, if necessary, update the criteria for the selection of Clinical Candidates;
(d) describe the clinical and regulatory strategy for any Clinical Candidate or Product;
(e) describe the intellectual property strategy for Emergent Patent Rights and Joint Patent Rights;
(f) incorporate a manufacturing plan for clinical supplies of Clinical Candidates and any Product; and
(g) include such other matters as the SC consider appropriate in relation to the Development Programme. During the Early Development Phase and during any other period during which the JPT has responsibilities pursuant to Clause 4.3, the JPT, and at any other time, sanofi pasteur, shall be responsible for proposing amendments to the Development Plan. No major amendment to the Development Plan shall be effective until approved by the SC. For the purpose of this Agreement any change to the Development Plan or an Annual Development shall be considered major if the change affects Emergent’s obligations under the Development Plan or any Annual Development Plan, or, in isolation or in aggregate with any other changes not previously approved by the SC, represents a material change to the resources engaged or to be engaged by sanofi pasteur in the Development of a Product, or affect or might be reasonably expected to affect the anticipated timetable for Development of a Product. sanofi pasteur shall provide Emergent with an up to date summary of the Development Plan and any Annual Development Plan within thirty (30) days of the commencement of each Quarter which summaries shall highlight any amendments (whether or not major amendments) made to such plan in the previous Quarter. sanofi pasteur shall promptly answer any queries...
The Development Plan. The Development Plan, with milestones listed, setting out the specific responsibilities of each of ELITE and ORIT that will be required in order to complete development of the Product, and to secure regulatory approval necessary to the manufacture and sale of the Product in the Territory, is annexed hereto as EXHIBIT A. Each of the Parties agrees to use commercially reasonable best efforts to perform each of the milestone activities required to be performed by such Party on or before the dates required for performance of such activity under the Development Plan. Subject to all the terms and conditions of this Agreement, including but not limited to the provisions of Section 5, and in order to achieve the milestones set forth in the Development Plan, ORIT and ELITE hereby agree to conduct and carry out the activities set forth in Section 3.2, in the case of ORIT and in Section 3.3, in the case of ELITE. Exhibit A can be modified by mutual agreement of the Parties at any time.
The Development Plan