New Jersey Grant Agreement
Description
How to fill out Grant Agreement?
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FAQ
Like grants, cooperative agreements are funding mechanisms used by the Federal Government. The main difference between a grant and a cooperative agreement is that a cooperative agreement involves ?substantial staff involvement? from a federal agency.
Grants are much more flexible than contracts. Typically in Federal Contracts, changes cannot be made to the scope of work or budget, whereas in grants these changes can usually be made with the University's approval.
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.
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.
A Grant Agreement is a class of contract which provides the transfer of cash or something of value to a recipient to support a public purpose authorized by law. Grant agreements are different from other contracts in many keyways.
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.