At a minimum, a sponsored project agreement should address:
- Scientific, administrative, financial, and reporting requirements
- Identification of the key personnel, with roles and responsibilities
- Compensation, including dollar ceiling, method and schedule of reimbursement, type of supporting documentation required, and timing
- Ownership and disposition of intellectual property and real property
- Applicable public policy requirements
Terms and conditions that may require negotiation are described below.
Choice of law and venue “Choice of law” refers to the legal jurisdiction while “Venue” refers to the physical location.
Indemnification refers to a guarantee to compensate another party for any loss or damage that occurs in the future.
Copyrights refers to the intellectual property right granted to an author.
Patents refers to the intellectual property right granted to an inventor.
Publications Board of Regents Policy on Ownership of Intellectual Property states that "the prompt and open dissemination of the results of research undertaken at the University of Nebraska and the free exchange of information among scholars are essential to the fulfillment of the University's obligations as an institution committed to excellence in research, education, and service."
Payment Schedules Typically, payment to UNMC by a sponsor is made:
- In response to a quarterly invoice from UNMC SPAcctng office for reimbursement of actual expenses
- In response to an invoice from the department based on deliverables met
- On a set payment schedule
Incorporated by Reference Some agreements may not specifically state every term or condition but instead refer to other documents.
Federal Acquisition Regulations (FAR) clauses define how to do business with the federal government in a procurement environment. Link to the FAR website.