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The purpose of a research contract is to set out the roles and responsibilities of the parties involved in a research project, i.e. the College, the academics, researchers, students and the funding body. The contract will: Define the work to be undertaken. Define the financial contributions/payment terms.
Service Agreements vs Research Agreements Under a service contract, well-defined work is conducted on a pay-for-service model. In contrast, in sponsored research, the scope of work, project plan, and budget are primarily defined by the principal investigator.
Sponsored Research Agreements (SRAs) are used when an industry sponsor funds a specific research project for a defined time period and in return receives certain deliverables such as research data, reports, and certain rights to intellectual and tangible property.
Research Collaboration Agreements (RCAs) For contemplated collaborative research project between two or more parties. Outlines materials or expertise each party brings to the research project, and what their anticipated contribution of each.
Research contracts are legally binding agreements that govern collaborative research between the University and external organisations, whether those organisations are funding the research or are participating in the conduct of the research itself.
An agreement under which one party (?Provider?) agrees to give a second party (?Recipient?) materials for use for a specified research or academic purpose. The agreement defines the rights, obligations, and restrictions for both the Provider and Recipient with respect to the materials being exchanged.
Unfunded agreements are agreements that address specific needs related to sponsored projects, but are not a funding instrument. Examples are nondisclosure agreements, equipment loan agreements, teaming agreements, and data use agreements.
Types of agreements under Indian Contract Act, 1872 Valid agreement. Section 11 of the Indian Contract Act, 1872. ... Void agreement. Section 24 of the Indian Contract Act, 1872. ... Wagering Agreements. Contingent Agreement. Voidable agreement. ... Express and implied agreements. Illegal Agreements.