Utilization of Internal Resources Sample Clauses
The 'Utilization of Internal Resources' clause defines the right or obligation of a party to use its own personnel, equipment, or other internal assets to fulfill its contractual duties. In practice, this means that a company may choose to assign its employees or use its existing infrastructure rather than outsourcing or hiring third parties for the performance of services or delivery of goods under the agreement. This clause ensures flexibility and efficiency in resource management, allowing the party to control costs and maintain quality by leveraging its own capabilities.
Utilization of Internal Resources. The Parties agree and acknowledge that, unless specifically agreed otherwise, it is intended that the activities under each Joint Development Plan and each Commercialization Plan, when taken as a whole for a given calendar year, shall be allocated and assigned to each Party such that the internal resources devoted to, and participation by the Parties in, the Development and Commercialization activities hereunder, taken as a whole, shall be substantially equal on an ongoing basis for such calendar year. The JSC may propose amendments to the Joint Development Plan and the Commercialization Plan for a Collaboration Product as necessary to maintain substantial equality in resources devoted to, and participation by the Parties in, such activities for review and approval by the JSC.