Joint Development Plan

Joint Development Plan. Means a written and signed project plan for Joint Development Activities specifying (a) the details regarding the execution of, and objectives for, such Joint Development Activities, including the Parties' respective roles and obligations, specific personnel of the Parties to be involved in and/or oversee such Joint Development Activities, the applicable Joint Development Activity Field, the objective(s) of such Joint Development Activities, the Products being utilized and evaluated or tested... under such Joint Development Activities, the Developed ERS Products and Derivatives to be developed under such Joint Development Activities, the target market value for any materials developed under such Joint Development Activities, and the Parties' expected expenses, inputs, contributions and investments with respect to such Joint Development Activities, (b) the commercial value sharing details with respect to such Joint Development Activities, (c) the Exclusivity Fee for the Field applicable to such Joint Development Activities, (d) the Development Milestones for such Joint Development Activities, and (e) the Commercial Milestones for such Joint Development Activities. View More

Joint Development Plan. Means a written and signed project plan for the identification or development of metathesis catalysts with utility in the Field specifying the joint development projects, the joint development objectives, the desired or expected results, the Developed Catalysts and Developed Intellectual Property to be developed, if applicable, ERS and XiMo inputs, XiMo outputs, the timeframes and milestones related to the joint development activities, the success criteria for commercialization of Developed... Catalysts, and Products (if applicable), and the Parties' respective obligations with respect to the foregoing, a form of which is attached to this Agreement as Exhibit A. View More