Definición de FOUR. EFFECTIVE TERM
FOUR. EFFECTIVE TERM. “THE INSTITUTE” and “THE SPONSOR” agree that the effective term of the Agreement shall be 5 (five) years as from the date it is signed, and that it may be extended, reduced or termination by the mutual agreement of “THE PARTIES” under an amendatory agreement, provided that either party gives the other party at least (60) sixty calendar days’ notice. FIVE. ADMINISTRATIVE AND FINANCIAL CLOSURE OF THE RESEARCH PROJECT: The project may be closed after the termination date of the Agreement in view of the latest reviews, conciliations and adjustments to be made by “THE SPONSOR” and “THE INVESTIGATOR”, so that final payments may be made to “THE INSTITUTE”, as agreed herein. “THE SPONSOR” shall provide “THE INSTITUTE”, sufficient funding to conduct and conclude the research project, so that “THE PROTOCOL” is not suspended, according to the amounts and terms specified in Exhibit C. If “THE PROTOCOL” is suspended because “THE SPONSOR” does not provide funding and the internal research committee of “THE INSTITUTE” considers the research project to be a priority or of major social and/or economic impact, “THE PROTOCOL” may continue with funding from any other of the funding sources specified in Article 39 of the National Health Institutes Act, in accordance with section 4, paragraph i) of the Guidelines for Managing Funding received from Third Parties to Finance Research Projects of the ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ National Medical Sciences and Nutrition Institute, which shall be for non-profit purposes and solely in view of the social benefit of the “THE PROTOCOL”, in accordance with applicable laws and regulations, including industrial and intellectual property legislation. When conducting of “THE RESEARCH PROJECT” continues at a National Health Institute other than that originally designated, funding shall be transferred to the National Health Institute at which the research is being conducted, in accordance with Article 41, Sub-section IX, of the National Health Institutes Act. When research projects are conducted with funding from third parties, THE PROJECT LEADER and “THE SPONSOR” that provides the funding shall observe current legal provisions in Mexico regarding copyright and industrial property. Any temporary funding provided for research support staff shall be paid monthly, for which, collaborators will be hired under the professional services regime, the object to be developed must be established in the respective Agreement, as well as the reports that must be presente...