Michigan Terms and Conditions Project Support Grant Agreement
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FAQ
In addition to standard terms describing grant amounts and purposes, agreements also include provisions regarding intellectual property rights, reporting requirements, and indemnification, among other subjects. Special provisions are included that deal with international philanthropy.
Grant agreement. ?Grant agreement? means a legal instrument of financial assistance between a Federal agency and a non-Federal entity that, consistent with 31 U.S.C.
Typically, the coordinator or sole applicant signs first, followed by the Commission or agency. In a consortium, beneficiaries other than the coordinator accede to the grant agreement by signing an accession form.
If the purpose is to acquire property or services for the direct benefit or use of the federal government, the agency is to use a procurement contract; if the purpose is to stimulate or support an activity that serves a public purpose, the agency is to use a grant or cooperative agreement.
Another main difference between the two types of agreements is that with a contract, the party purchasing the goods or services generally has control over the output or item (i.e., the purchaser is in control of determining how it wants the services it bought to be performed), but with grants, the Grantee-recipient ...
It serves as a binding document that defines the responsibilities of districts and the state from the determination of the amount of eligible state funding to the reporting of all project funds, including any savings achieved.
In addition to standard terms describing grant amounts and purposes, agreements also include provisions regarding intellectual property rights, reporting requirements, and indemnification, among other subjects. Special provisions are included that deal with international philanthropy.
Grants are awards of financial assistance, usually from a governmental agency or foundation, primarily for carrying out a public purpose of support or stimulation. A grant is distinguished from a contract, which is used to acquire property or services for the government's direct benefit or use.
