PREPARATION OF THE TECHNICAL AND COMMERCIAL PROPOSALS
5.1 Each PARTY undertakes to always collaborate in good faith to fulfil the objectives set out in this Agreement and, without this list being exhaustive, to (i) exchange and provide as quickly as possible any information that the other PARTY could reasonably need to prepare its proposal related to its scope of work and (ii) keep the other PARTY fully informed, as soon as possible, of any significant circumstance, event or delay that could have an impact on the execution of this Agreement.
5.2 Each PARTY shall bear its own costs regarding the preparation of the proposal to the CLIENT and subsequent negotiations until signature of the CONTRACT (S) with the CLIENT.
5.4. The final decision to submit, or not, a proposal is a written shared decision between the PARTIES after considering the following criteria, which must be found acceptable for submitting a competitive proposal:
• Level of competition
• Commercial and technical conditions
• Financing arrangements
• Payment conditions
In no event shall a PARTY provide to the Client(s) a proposal for the account of the other PARTY unless expressly agreed in writing by such PARTY. 5.5. In the event that either PARTY (the “Withdrawing Party”) for any reason decides not to submit any proposal for one or several PROJECT (S) as defined in the appendix or once the proposal has been submitted, decides to withdraw it or discontinue negotiations with the CLIENT, then the other PARTY shall have no entitlement to any compensation or reimbursement of any costs or expenses. It is further agreed that in the foregoing case, the exclusivity obligation set forth in Article 6 herein shall be binding on such Withdrawing Party until the Contract(s) related to the relevant PROJECT(s) has been