Participation clause: Copy, customize, and use instantly
Introduction
A participation clause defines the rights and responsibilities of each party in a particular activity or agreement. It clarifies the level of involvement and the terms under which parties can participate in specific activities, such as meetings, decision-making processes, or revenue-sharing agreements. This clause is crucial for ensuring that all participants understand their roles and obligations.
Below are templates for participation clauses tailored to different scenarios. Copy, customize, and insert them into your agreement.
Participation in decision-making
This clause outlines participation in decision-making processes.
Each party agrees to actively participate in the decision-making process regarding the execution and management of this Agreement. The parties will meet regularly to discuss key decisions and mutually agree on all significant actions affecting the terms of this Agreement. If consensus cannot be reached, the matter will be resolved by a vote in which each party has an equal say.
Participation in profit-sharing
This clause defines participation in profit-sharing arrangements.
The parties agree that they will share in the profits generated under this Agreement according to the following formula: [percentage]% of the profits will be allocated to [Party A], and [percentage]% will be allocated to [Party B]. Each party will contribute to the activities generating these profits, and their participation will be evaluated on an annual basis to ensure fairness.
Participation in governance
This clause outlines participation in governance.
Each party will have the right to participate in the governance of [specific entity, joint venture, etc.] by attending board meetings, contributing to strategic discussions, and voting on key decisions. The parties agree to hold meetings [quarterly/annually] and to follow the procedures for decision-making outlined in the Agreement. Each party will appoint a representative to participate in these meetings.
Participation in sales efforts
This clause defines participation in sales efforts.
The parties agree to jointly participate in sales and marketing activities under this Agreement. Each party will be responsible for specific tasks, such as lead generation, customer outreach, or product demonstrations. Both parties will share in the revenue generated from these activities, with each party's contribution being evaluated at the end of each sales cycle.
Participation in project management
This clause defines participation in project management.
Each party agrees to actively participate in the management and execution of the project outlined in this Agreement. This includes attending planning meetings, providing updates on progress, and ensuring the timely completion of tasks. The parties will collaborate on developing project schedules, budgets, and resource allocations to meet the agreed-upon objectives.
Participation in risk management
This clause outlines participation in risk management.
The parties agree to jointly participate in identifying, assessing, and mitigating risks related to this Agreement. This includes holding regular risk assessment meetings, developing risk mitigation plans, and reviewing the progress of risk management efforts. Both parties will ensure that their contributions to risk management are aligned with the goals of the Agreement.
Participation in financial audits
This clause defines participation in financial audits.
Each party agrees to participate in any financial audit required under this Agreement. The parties will cooperate by providing access to necessary financial records, answering questions from auditors, and ensuring that the audit is conducted in a timely manner. Both parties will receive a copy of the final audit report.
Participation in product development
This clause outlines participation in product development.
The parties agree to collaborate in the development of new products under this Agreement. Each party will participate in product design, prototyping, testing, and market analysis. Both parties will share in the intellectual property rights and profits derived from the successful commercialization of the products developed.
Participation in dispute resolution
This clause defines participation in dispute resolution.
In the event of a dispute arising under this Agreement, both parties agree to participate in the dispute resolution process in good faith. The process will begin with informal negotiations, followed by mediation if necessary. If the dispute remains unresolved, the parties may proceed with arbitration or litigation as provided in the Agreement.
Participation in compliance efforts
This clause outlines participation in compliance efforts.
The parties agree to work together to ensure compliance with all relevant laws, regulations, and industry standards. Each party will participate in compliance audits, training programs, and the implementation of corrective actions where necessary. Both parties will also cooperate in preparing reports or documentation required for regulatory purposes.
Participation in project funding
This clause defines participation in project funding.
Each party agrees to contribute to the funding of the project outlined in this Agreement. The contributions will be made in accordance with the agreed-upon funding schedule, and both parties will participate in reviewing and approving any changes to the project’s budget. The parties will also work together to identify additional funding sources if necessary.
Participation in joint ventures
This clause outlines participation in a joint venture.
The parties agree to participate equally in the management and operation of the joint venture established under this Agreement. Both parties will contribute resources, make strategic decisions, and share in the profits and losses of the venture. Each party will have equal voting rights in all joint venture decisions.
Participation in marketing campaigns
This clause defines participation in marketing campaigns.
The parties agree to jointly participate in the design and execution of marketing campaigns under this Agreement. Both parties will contribute resources, such as advertising budgets, marketing materials, and promotional strategies. The parties will also share in the marketing results, including any increase in brand recognition or sales.
Participation in research and development
This clause outlines participation in research and development.
The parties agree to collaborate in research and development activities related to this Agreement. Both parties will participate in the planning, execution, and evaluation of R&D projects. The contributions of each party will be outlined in the R&D plan, and both parties will share any intellectual property developed as a result of the research efforts.
Participation in corporate social responsibility (CSR) activities
This clause defines participation in corporate social responsibility (CSR) activities.
The parties agree to jointly participate in corporate social responsibility initiatives under this Agreement. This includes collaborating on environmental sustainability projects, charitable contributions, and community engagement efforts. Both parties will share the costs and benefits associated with CSR activities and report on their progress annually.
Participation in shareholder meetings
This clause defines participation in shareholder meetings.
Each party agrees to actively participate in shareholder meetings related to the entities involved in this Agreement. This includes attending meetings, voting on resolutions, and providing input on key decisions. Each party will ensure that its representatives are fully informed about the matters to be discussed and voted upon during the meetings.
Participation in employee training
This clause outlines participation in employee training programs.
The parties agree to collaborate on the development and implementation of employee training programs under this Agreement. Each party will contribute to the training materials, schedule, and resources. Both parties will ensure that employees receive the necessary training to comply with the requirements of the Agreement and improve operational performance.
Participation in project timelines
This clause defines participation in project timelines.
The parties agree to jointly manage the timelines for the project outlined in this Agreement. Each party will provide input on the development of the project schedule and participate in monitoring progress. Both parties will ensure that their respective contributions to the project are completed on time and will collaborate to resolve any delays.
Participation in compliance audits
This clause defines participation in compliance audits.
Both parties agree to participate in any compliance audit required under this Agreement. The procedure for the audit is as follows: (i) the affected party will provide all necessary documents and access to relevant records; (ii) both parties will cooperate with the auditors; and (iii) the audit results will be reviewed by both parties, and corrective actions will be taken as needed.
Participation in joint marketing efforts
This clause outlines participation in joint marketing efforts.
The parties agree to jointly participate in the marketing efforts for the promotion of the products or services under this Agreement. The procedure is as follows: (i) both parties will contribute to the creation and execution of marketing campaigns; (ii) marketing expenses will be shared equally or as agreed upon in the Agreement; and (iii) any profits or results from the campaign will be shared based on the agreed terms.
Participation in service delivery
This clause defines participation in service delivery.
The parties agree to actively participate in the delivery of services under this Agreement. The procedure is as follows: (i) each party will provide the necessary resources for service delivery; (ii) both parties will collaborate on meeting service timelines; and (iii) the parties will periodically review the service performance and make necessary adjustments.
Participation in project budgeting
This clause defines participation in project budgeting.
Both parties agree to participate in the development and approval of the project budget under this Agreement. The procedure is as follows: (i) each party will contribute to the budget planning process by providing estimates for their respective costs; (ii) both parties will review and approve the final budget; and (iii) any changes to the budget will require mutual consent and be documented accordingly.
Participation in quality assurance processes
This clause defines participation in quality assurance processes.
The parties agree to jointly participate in the quality assurance processes outlined in this Agreement. The procedure is as follows: (i) both parties will define quality standards for the goods or services; (ii) both parties will conduct regular quality checks to ensure compliance with these standards; and (iii) any deviations from the agreed quality standards will be addressed promptly, and corrective actions will be taken.
Participation in decision-making regarding business strategy
This clause outlines participation in business strategy decision-making.
The parties agree to participate in the development of business strategies related to the execution of this Agreement. The procedure is as follows: (i) both parties will provide input on strategic goals and initiatives; (ii) decisions on business direction will be made jointly, with each party having an equal say; and (iii) any major changes to the strategy will require mutual agreement.
Participation in annual performance reviews
This clause defines participation in annual performance reviews.
Both parties agree to participate in annual performance reviews to assess the progress and results of the activities under this Agreement. The procedure is as follows: (i) each party will provide performance metrics and feedback; (ii) the parties will review and discuss the performance outcomes; and (iii) any necessary adjustments will be made to improve performance in the following year.
Participation in employee welfare programs
This clause defines participation in employee welfare programs.
The parties agree to jointly contribute to employee welfare programs under this Agreement. The procedure is as follows: (i) both parties will design and implement welfare programs for their employees; (ii) the parties will ensure that employees are informed about available benefits; and (iii) both parties will monitor the effectiveness of the programs and make necessary improvements.
Participation in confidential information sharing
This clause defines participation in confidential information sharing.
Both parties agree to participate in the sharing of confidential information under the terms of this Agreement. The procedure is as follows: (i) any confidential information shared will be marked as such; (ii) both parties will maintain strict confidentiality of all shared information; and (iii) the parties will only share confidential information with individuals who have a need to know and are bound by similar confidentiality obligations.
Participation in supplier evaluation
This clause defines participation in supplier evaluation.
The parties agree to jointly participate in evaluating suppliers under this Agreement. The procedure is as follows: (i) both parties will establish criteria for evaluating suppliers; (ii) each party will assess suppliers independently and then collaborate to determine the most suitable suppliers; and (iii) any recommendations for new suppliers will be discussed and agreed upon before final selection.
Participation in handling customer complaints
This clause defines participation in handling customer complaints.
The parties agree to jointly handle any customer complaints related to the goods or services provided under this Agreement. The procedure is as follows: (i) the party receiving the complaint will notify the other party within [number] days; (ii) both parties will assess the complaint and agree on a resolution; and (iii) the parties will inform the customer of the resolution and take corrective actions if necessary.
Participation in technological upgrades
This clause defines participation in technological upgrades.
The parties agree to participate in any technological upgrades or improvements that may affect the execution of this Agreement. The procedure is as follows: (i) both parties will evaluate new technology options that could improve performance; (ii) the parties will jointly agree on the implementation of any upgrades; and (iii) both parties will cooperate in training personnel and integrating new technologies into their operations.
Participation in legal compliance reviews
This clause defines participation in legal compliance reviews.
The parties agree to jointly participate in regular legal compliance reviews to ensure that all activities under this Agreement are in accordance with applicable laws and regulations. The procedure is as follows: (i) both parties will review relevant legal requirements; (ii) any compliance issues will be addressed jointly, and corrective actions will be taken if necessary; and (iii) both parties will document compliance reviews and any follow-up actions.
Participation in operational reporting
This clause defines participation in operational reporting.
The parties agree to jointly participate in operational reporting under this Agreement. The procedure is as follows: (i) each party will provide regular updates on operational performance; (ii) both parties will review the reports and identify areas for improvement; and (iii) the parties will discuss and agree on any actions required to improve operational efficiency.
Participation in risk assessments
This clause defines participation in risk assessments.
The parties agree to jointly participate in conducting regular risk assessments under this Agreement. The procedure is as follows: (i) both parties will identify potential risks to the successful execution of the Agreement; (ii) the parties will jointly assess the likelihood and impact of each risk; and (iii) the parties will develop a risk mitigation plan and implement strategies to address the identified risks.
Participation in project completion reviews
This clause defines participation in project completion reviews.
Both parties agree to participate in a project completion review at the end of the project under this Agreement. The procedure is as follows: (i) the parties will review the project’s success, challenges, and outcomes; (ii) each party will provide feedback on the process and performance; and (iii) the parties will agree on any improvements for future projects.
Participation in joint venture decision-making
This clause defines participation in joint venture decision-making.
The parties agree to actively participate in the decision-making process for any joint venture under this Agreement. The procedure is as follows: (i) both parties will provide input into the strategic direction of the joint venture; (ii) decisions will be made jointly, with each party having equal voting rights; and (iii) if a decision cannot be reached, the matter will be resolved through a neutral third-party mediator.
Participation in project review meetings
This clause defines participation in project review meetings.
The parties agree to attend regular project review meetings to assess progress and performance under this Agreement. The procedure is as follows: (i) the parties will schedule review meetings on a [monthly/quarterly] basis; (ii) each party will provide a status update on their respective responsibilities; and (iii) both parties will collaborate to identify any areas needing improvement and discuss corrective actions.
Participation in marketing strategy development
This clause outlines participation in marketing strategy development.
Both parties agree to actively participate in the development and execution of the marketing strategy for the product under this Agreement. The procedure is as follows: (i) each party will contribute ideas and insights into the marketing plan; (ii) the parties will review and approve the final strategy together; and (iii) both parties will monitor the implementation and adjust the strategy as needed.
Participation in supply chain management
This clause defines participation in supply chain management.
The parties agree to jointly manage the supply chain for the goods provided under this Agreement. The procedure is as follows: (i) both parties will assess suppliers and vendors to ensure reliability and quality; (ii) both parties will collaborate to monitor supply chain performance; and (iii) any issues or disruptions in the supply chain will be addressed through joint action.
Participation in compliance training
This clause outlines participation in compliance training.
The parties agree to participate in regular compliance training related to the terms of this Agreement. The procedure is as follows: (i) each party will designate employees to attend training sessions; (ii) the training will cover relevant legal, ethical, and regulatory requirements; and (iii) both parties will ensure that their teams comply with all training protocols and maintain up-to-date knowledge.
Participation in joint product launches
This clause defines participation in joint product launches.
The parties agree to participate in the launch of any new products or services under this Agreement. The procedure is as follows: (i) both parties will coordinate the timing and promotional activities for the product launch; (ii) each party will contribute resources, including marketing materials and promotional efforts; and (iii) the parties will collaborate to measure the success of the launch and identify areas for improvement.
Participation in post-launch support
This clause defines participation in post-launch support.
The parties agree to provide joint post-launch support for any products or services introduced under this Agreement. The procedure is as follows: (i) each party will designate a team to handle customer inquiries and technical support; (ii) both parties will collaborate on troubleshooting and resolving issues; and (iii) support activities will be reviewed regularly to ensure customer satisfaction.
Participation in intellectual property management
This clause defines participation in intellectual property management.
Both parties agree to jointly manage any intellectual property created or used under this Agreement. The procedure is as follows: (i) the parties will agree on the ownership and use of intellectual property rights; (ii) both parties will cooperate to protect intellectual property, including filing for patents, trademarks, or copyrights; and (iii) any disputes regarding intellectual property will be resolved through negotiation or mediation.
Participation in dispute resolution process
This clause defines participation in the dispute resolution process.
In the event of a dispute under this Agreement, both parties agree to participate in a structured dispute resolution process. The procedure is as follows: (i) the parties will engage in informal discussions to resolve the issue; (ii) if the dispute cannot be resolved informally, the parties will proceed to mediation; and (iii) if mediation fails, the parties will agree to arbitration or litigation as the next step.
Participation in vendor management
This clause outlines participation in vendor management.
Both parties agree to jointly manage vendor relationships related to the goods or services provided under this Agreement. The procedure is as follows: (i) both parties will evaluate and select vendors based on quality, price, and reliability; (ii) the parties will jointly oversee the performance of vendors and ensure they meet the terms of the Agreement; and (iii) the parties will communicate regularly to address any issues that arise with vendors.
Participation in community outreach programs
This clause defines participation in community outreach programs.
The parties agree to participate in community outreach programs related to this Agreement. The procedure is as follows: (i) both parties will identify and collaborate on suitable programs that align with the goals of the Agreement; (ii) each party will contribute resources such as time, finances, or personnel to support the initiatives; and (iii) the parties will jointly evaluate the success of the outreach programs and identify opportunities for improvement.
Participation in quality control audits
This clause outlines participation in quality control audits.
Both parties agree to participate in quality control audits related to the goods or services provided under this Agreement. The procedure is as follows: (i) the parties will agree on a schedule for periodic quality audits; (ii) each party will provide access to relevant records and personnel for the audit; and (iii) any issues identified during the audit will be addressed jointly, and corrective measures will be implemented.
Participation in financial performance reviews
This clause defines participation in financial performance reviews.
The parties agree to participate in financial performance reviews under this Agreement. The procedure is as follows: (i) both parties will provide access to financial records for the review process; (ii) the parties will jointly assess financial performance, including profitability, expenses, and revenue generation; and (iii) the parties will take corrective action to address any discrepancies or underperformance identified during the review.
Participation in product testing
This clause defines participation in product testing.
The parties agree to jointly participate in product testing for any products developed under this Agreement. The procedure is as follows: (i) both parties will contribute to the design and execution of the testing process; (ii) each party will ensure that the products are tested according to industry standards; and (iii) the results of the testing will be shared between the parties, and any issues will be addressed promptly.
Participation in environmental impact assessments
This clause defines participation in environmental impact assessments.
The parties agree to participate in environmental impact assessments for activities related to this Agreement. The procedure is as follows: (i) the parties will jointly assess the environmental impact of any proposed projects; (ii) both parties will collaborate to identify potential environmental risks; and (iii) the parties will develop and implement strategies to mitigate any adverse environmental effects.
Participation in performance-based evaluations
This clause outlines participation in performance-based evaluations.
Both parties agree to participate in performance-based evaluations of the activities and deliverables under this Agreement. The procedure is as follows: (i) each party will provide relevant data and feedback for evaluation purposes; (ii) the parties will assess performance against agreed-upon benchmarks or key performance indicators; and (iii) both parties will collaborate to address any performance gaps and improve outcomes.
Participation in training and development programs
This clause defines participation in training and development programs.
The parties agree to jointly participate in the development and implementation of training programs under this Agreement. The procedure is as follows: (i) both parties will identify areas for training and development; (ii) each party will contribute resources, including trainers, materials, and time; and (iii) the parties will assess the effectiveness of the programs and make necessary adjustments.
Participation in risk mitigation planning
This clause outlines participation in risk mitigation planning.
Both parties agree to participate in the development and implementation of risk mitigation plans under this Agreement. The procedure is as follows: (i) the parties will jointly identify potential risks and their impact; (ii) both parties will develop strategies to mitigate or manage identified risks; and (iii) the parties will monitor the success of the mitigation efforts and make adjustments as necessary.
Participation in joint venture management
This clause defines participation in joint venture management.
The parties agree to actively participate in the management of the joint venture established under this Agreement. The procedure is as follows: (i) both parties will appoint representatives to the joint venture’s management team; (ii) the management team will jointly make strategic decisions and oversee day-to-day operations; and (iii) both parties will share in the risks, rewards, and responsibilities associated with the joint venture.
Participation in customer satisfaction initiatives
This clause defines participation in customer satisfaction initiatives.
The parties agree to jointly participate in initiatives designed to measure and improve customer satisfaction under this Agreement. The procedure is as follows: (i) both parties will conduct customer surveys or feedback sessions; (ii) the parties will analyze the results and develop action plans to address any concerns; and (iii) the parties will implement changes to improve customer satisfaction, as agreed upon.
Participation in new product development
This clause defines participation in new product development.
The parties agree to participate in the development of new products under this Agreement. The procedure is as follows: (i) both parties will contribute ideas, resources, and expertise in the product development process; (ii) each party will assist in product design, testing, and market evaluation; and (iii) the parties will share in the profits and intellectual property generated from successful product development.
Participation in joint investment decisions
This clause defines participation in joint investment decisions.
The parties agree to jointly participate in investment decisions related to this Agreement. The procedure is as follows: (i) both parties will provide input on potential investments and assess their feasibility; (ii) the parties will review and agree on the investment strategy; and (iii) decisions regarding investment amounts and allocations will be made collectively, with equal input from both parties.
Participation in customer referral programs
This clause defines participation in customer referral programs.
The parties agree to jointly participate in customer referral programs to generate new business under this Agreement. The procedure is as follows: (i) both parties will create and distribute referral incentives to their respective customer bases; (ii) each party will track and report referrals made under the program; and (iii) the parties will share any rewards or benefits derived from successful referrals.
Participation in training for compliance
This clause outlines participation in training for compliance.
The parties agree to participate in compliance training sessions for employees involved in the execution of this Agreement. The procedure is as follows: (i) both parties will organize and schedule training sessions; (ii) the training will cover relevant laws, regulations, and company policies; and (iii) the parties will ensure that employees complete the training and remain compliant with the terms of the Agreement.
Participation in joint procurement activities
This clause defines participation in joint procurement activities.
The parties agree to jointly participate in procurement activities under this Agreement. The procedure is as follows: (i) both parties will identify suppliers and negotiate terms for the procurement of goods or services; (ii) each party will contribute to the selection process and review vendor performance; and (iii) the parties will jointly manage the procurement budget and timelines.
Participation in service reviews
This clause outlines participation in service reviews.
The parties agree to participate in regular service reviews to evaluate the quality of services provided under this Agreement. The procedure is as follows: (i) each party will assess service performance based on predetermined metrics; (ii) both parties will review feedback from customers or stakeholders; and (iii) any necessary changes or improvements will be agreed upon and implemented promptly.
Participation in vendor negotiations
This clause defines participation in vendor negotiations.
Both parties agree to participate in the negotiation of terms with third-party vendors related to this Agreement. The procedure is as follows: (i) both parties will jointly draft and negotiate vendor contracts; (ii) each party will review vendor proposals and ensure they align with the terms of the Agreement; and (iii) both parties will ensure that any agreements with vendors are beneficial to both parties.
Participation in post-contract evaluation
This clause defines participation in post-contract evaluation.
The parties agree to participate in an evaluation of the performance of this Agreement upon completion. The procedure is as follows: (i) both parties will review the outcomes of the Agreement and identify areas for improvement; (ii) both parties will evaluate compliance with the terms and conditions; and (iii) any lessons learned will be documented and shared for future reference.
Participation in internal audits
This clause defines participation in internal audits.
Both parties agree to participate in internal audits to assess compliance with the terms of this Agreement. The procedure is as follows: (i) each party will provide access to relevant records and documentation; (ii) both parties will review the audit results and address any identified issues; and (iii) any corrective actions will be agreed upon and implemented in a timely manner.
Participation in corporate governance
This clause outlines participation in corporate governance.
Both parties agree to actively participate in corporate governance matters related to this Agreement. The procedure is as follows: (i) each party will appoint a representative to the governance board; (ii) both parties will collaborate on key strategic decisions affecting the governance structure; and (iii) decisions will be made collectively with equal representation from both parties.
Participation in annual budget planning
This clause defines participation in annual budget planning.
The parties agree to jointly participate in the annual budget planning for the execution of this Agreement. The procedure is as follows: (i) both parties will provide estimates for expenses and revenue; (ii) each party will review and approve the final budget; and (iii) any adjustments to the budget will require mutual agreement and documentation.
Participation in brand development
This clause defines participation in brand development.
The parties agree to collaborate on the development and enhancement of their brands under this Agreement. The procedure is as follows: (i) both parties will participate in the creation of marketing materials and brand messaging; (ii) each party will contribute to the promotion and awareness of the brand; and (iii) both parties will assess the effectiveness of brand strategies and make necessary adjustments.
Participation in sustainability initiatives
This clause defines participation in sustainability initiatives.
The parties agree to participate in sustainability initiatives related to this Agreement. The procedure is as follows: (i) both parties will identify opportunities for sustainable practices in their operations; (ii) each party will implement strategies to reduce environmental impact; and (iii) the parties will review the progress of sustainability efforts and collaborate on any necessary changes.
Participation in knowledge-sharing initiatives
This clause outlines participation in knowledge-sharing initiatives.
The parties agree to share relevant knowledge and expertise to enhance the performance of this Agreement. The procedure is as follows: (i) both parties will identify areas where knowledge sharing is beneficial; (ii) each party will contribute information, resources, or training to facilitate the sharing process; and (iii) both parties will collaborate on developing best practices based on the shared knowledge.
Participation in intellectual property management
This clause defines participation in intellectual property management.
Both parties agree to participate in the management and protection of intellectual property rights related to this Agreement. The procedure is as follows: (i) both parties will work together to identify any intellectual property created during the course of the Agreement; (ii) each party will ensure that appropriate legal protections are in place; and (iii) both parties will decide how to commercialize, license, or otherwise manage the intellectual property.
Participation in service level monitoring
This clause outlines participation in service level monitoring.
The parties agree to participate in the monitoring and evaluation of service levels under this Agreement. The procedure is as follows: (i) both parties will define the key performance indicators (KPIs) to be monitored; (ii) each party will track and report performance based on these KPIs; and (iii) the parties will collaborate to address any performance issues and ensure that service levels are met.
Participation in new market expansion
This clause defines participation in new market expansion.
Both parties agree to collaborate on expanding into new markets under this Agreement. The procedure is as follows: (i) both parties will conduct market research to identify viable expansion opportunities; (ii) each party will contribute resources, expertise, and funding to the expansion effort; and (iii) the parties will assess the success of the expansion and determine any necessary adjustments.
Participation in customer retention efforts
This clause outlines participation in customer retention efforts.
The parties agree to jointly participate in customer retention efforts under this Agreement. The procedure is as follows: (i) both parties will collaborate on developing loyalty programs or incentives for customers; (ii) each party will take action to enhance the customer experience and resolve any issues; and (iii) the parties will regularly review customer satisfaction data and adjust their strategies as needed.
Participation in shareholder engagement
This clause defines participation in shareholder engagement.
The parties agree to participate in shareholder engagement activities related to this Agreement. The procedure is as follows: (i) both parties will ensure that shareholder concerns and feedback are addressed; (ii) each party will facilitate open communication between shareholders and management; and (iii) the parties will collaborate on any shareholder meetings or communications regarding the Agreement.
Participation in product lifecycle management
This clause outlines participation in product lifecycle management.
Both parties agree to jointly manage the product lifecycle under this Agreement. The procedure is as follows: (i) both parties will contribute to the development, launch, and post-launch activities for the product; (ii) each party will monitor product performance and customer feedback; and (iii) the parties will make decisions regarding product updates, discontinuation, or new features based on performance data.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.