Example ContractsClausesFunction and Powers of the JSC
Function and Powers of the JSC
Function and Powers of the JSC contract clause examples

Function and Powers of the JSC. The JSC shall, in line with the terms and conditions set forth in the Agreement:

The JSC shall have the responsibility and authority to:

Responsibilities of the JSC. The JSC shall be responsible for performing the following functions:

Function and Powers of the JSC. The JSC shall, in line with the terms and conditions set forth in the Agreement:

(i) approve the Initial Research Plan attached hereto as [Exhibit 4.4].1 within ​ of the Effective Date, # prepare, discuss, and approve each subsequent Research Plan for each Research Program, and # prepare, review, discuss, and approve any amendments that may be necessary or desired to the Research Plans; ​ Certain information in this document has been omitted as the information is not material and would be competitively harmful if publicly disclosed.

Duration of the JSC. The JSC will disband upon the completion or earlier termination of both the Research Program and Initial Development Program.

Responsibilities of the JSC. The JSC shall perform the following functions:

Term of the JSC. The JSC shall meet in accordance with [Section 7.6.2] (Meetings) for the Term.

Discontinuation of the JSC. The activities to be performed by the JSC shall solely relate to governance under this Agreement, and are not intended to be or involve the delivery of services. The JSC shall continue to exist until the first to occur of: # the date when the Parties mutually agree to disband the JSC, and # the date when either Party provides written notice to the other Party of its intention to disband and no longer participate in the JSC. Once the Parties mutually agree or either Party has provided the other Party with such written notice to disband the JSC, the JSC shall have no further obligations under this Agreement; provided, however, that the Parties may re-establish the new JSC after the disbandment of the former one upon the request of either Party. After the disbandment of the JSC, each Party shall designate a contact person for the exchange of information under this Agreement or such exchange of information shall be made through the Liaison, and decisions of the JSC shall be decisions as between the Parties, subject to the other terms and conditions of this Agreement. In the event the JSC is disbanded as provided above, any decisions that are designated under this Agreement as being subject to the review, discussion or decision-making of the JSC shall be subject to the review, discussion or decision-making of the Parties directly.

Function and Powers of the JSC. The JSC shall, in accordance with the terms and conditions set forth in the Agreement:

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