Key Contribution definition
Key Contribution means a Contribution, in-kind or financial, committed by a Party which pursuant to Sec- tion 6.1.3 is deemed to be a determinant factor to the real- isation of the Project as it is planned. Know-How – shall mean applied or applicable technical knowledge, methods and data; which is specific, detailed and identifiable; which is used for realizing or carrying out in practice techniques serving industrial purposes; and which is secret in character and may be of commercial value to the holder. Managing Party – shall be the Party so named in the list of Parties. Materials – shall mean materials, compounds and/or substances made available for use in the Project. Primary Party – shall be a Party so named in Section 3, and any reference to a Primary Party shall be under- stood as comprising also any and all of such Party’s Group Companies.
Key Contribution means a Contribution, in- kind or financial, committed by a Party which pursuant to Section 6.1.3 is deemed to be a determinant factor to the realisation of the Project as it is planned. Managing Party – shall be the Party so named in the list of Parties. Materials – shall mean materials, compounds and/or substances made available for use in the Project. Party - shall mean a participant in the Project who is party to this Agreement, and any reference to a Party shall be understood as comprising also any and all of such Party’s Group Companies.
Examples of Key Contribution in a sentence
Following the written permission of the other Parties such obligation pertaining to a Key Contribution may be assigned and transferred to a third party.
Should the contributing Party not accept that the Contribution be defined as a Key Contribution, said Party shall without undue delay with- draw such contribution from the Project.
Should the contributing Party not accept that the Contribution be defined as a Key Contribution, said Party shall without undue delay withdraw such contribution from the Pro- ject.