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The main reason that you need a contract is to protect your rights when you enter an agreement with another party. For example, if you agree to help someone complete a project in exchange for money, you might have trouble getting the person to pay you if you don't have a valid contract in place.
The three most common contract types include:Fixed-price contracts.Cost-plus contracts.Time and materials contracts.
Research Agreement means a new written contract, grant or cooperative agreement entered into between a person and a college or research corporation for the performance of qualified research; however, all qualified research costs generating a rebate must be spent by the college or research corporation on qualified
Sponsored research agreements are agreements between Grantees and commercial entities in which Grantees receive funding or other consideration to support their research in return for preferential access and/or rights to intellectual property deriving from their research results.
A research contract is a legal document detailing the obligations of two or more parties over the course of a research project. It usually has specific deliverables and milestones to be met and dictates how the contracting parties will interact with each other.
Research Collaboration Agreements (RCAs)Outlines materials or expertise each party brings to the research project, and what their anticipated contribution of each.
Research Agreement means a new written contract, grant or cooperative agreement entered into between a person and a college or research corporation for the performance of qualified research; however, all qualified research costs generating a rebate must be spent by the college or research corporation on qualified
Such agreements are the vehicles for the exchange of funding, materials and information as well as vital in recording the rights and obligations of the parties in relation to the research to be undertaken.
4.1 Research Funding Agreements refers to agreements with the University to provide funding intended for research purposes, whether the agreement is considered a grant, contract, contribution agreement, or whether the agreement takes any other form, and whether it is legally enforceable or not.