Cro Master Services Agreement Template

13.5 Force Majeure. Neither party shall be liable for any breach of this Agreement or for any delay or loss of performance resulting from any cause that is not under the appropriate control of that party, including weather, civil unrest, terrorism, acts of civil or military authorities or force majeure. The party invoking a remedy under this Section shall immediately notify the other party in writing, but no later than ten (10) calendar days after the event, if such cause arises, and shall immediately take steps to remedy delays or losses in performance after the circumstances that caused such delay or failure have been eliminated. When an event of force majeure occurs, the party who has been injured by the other`s inability to do so may choose one of the following means: (a) to terminate all or part of this agreement if such force majeure event has not been eliminated within thirty (thirty) days of the date of entry; or (b) suspend all or part of the Agreement for the duration of the force majeure circumstances. The party that occurs in circumstances of force majeure will cooperate with and support the injured party in any manner necessary to minimize the impact of force majeure on the injured party, which may include, if necessary, the search for and provision of alternative services. (c) Where cro pays investigators on behalf of the sponsor, the parties agree, in the relevant DPI, on a schedule of the amounts to be paid to the investigators. For the provision of the Services, the CRO Sponsor pays a maximum amount of $amount (“Cap”). Any amount exceeding the maximum amount is subject to the prior written consent of the promoter. Payments shall be made in accordance with the financial plan annexed to Annex B and shall be included by reference. [If the currency is different from the USD, it is based on the average monthly rate of the currency, as published on www.oanda.com.] All invoices are electronic to ________ In countries where necessary, local CTAS shall be established in the national language or, where appropriate, in English, unless a sectoral form is required in the country concerned or a specific localization form is required by a selected website. . .

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