Cooperation Agreements. Introduction. A Cooperation Agreement is a contract by which two or more parties commit to work together in one or more areas of business activity, usually regarding a specific product or business service.
A cooperating broker agreement is an agreement frequently used in the real estate industry. A cooperating broker is a broker who is not the listing broker. However, the cooperating broker finds a buyer for the listed property.
In a grant, the federal government provides oversight and monitoring but is not directly involved in the project. In a cooperative agreement, federal employees participate more closely in project activities, often working side-by-side with the grantee.
A cooperative agreement is a hybrid between a contract and a grant. While its purpose is typically similar to a grant in that it focuses on increased scientific knowledge, the sponsor takes a more active role as a partner to the research, rather than just a funder.
The grant instrument is used to administer awards that do not require NIH involvement beyond standard agency monitoring and stewardship. Under a cooperative agreement, NIH expects to be substantially involved in carrying out the project.
A cooperative agreement is another form of financial aid. The granting agency and the grantee work together to carry out the purpose of the award. Contracts are financial transactions. Federal agencies buy property or services for their direct benefit or use from a service provider.
A legal instrument (award) of financial assistance between a sponsor and a recipient.