West Virginia Grant Agreement - Attachment A

• Category: Small Business - Startup
• State: Multi-State
• Control #: US-ENTREP-0038-8
• Format: Word; Rich Text

Description

Grant agreement is a legal instrument of financial assistance between a Federal awarding agency or pass-through entity and a non-Federal entity. The Grant Agreementis a written document memorializing the terms and conditions of an Award granted pursuant to the Plan and shall incorporate the terms of the Plan.

The West Virginia Grant Agreement — Attachment A is a crucial document that outlines the specific terms and conditions associated with a grant awarded to entities within West Virginia. It serves as an official contract between the grantee and the granter, establishing the rules and regulations governing the use of grant funds and the responsibilities of both parties. This comprehensive agreement typically includes various sections and subsections, each addressing specific aspects related to the grant program. Some of the common sections that may be found within the West Virginia Grant Agreement — Attachment A are: 1. Title and Purpose: This section clearly states the title of the grant program, along with its objectives and the intended beneficiaries. It provides an overview of the grant's purpose, helping to set the context for the subsequent sections. 2. Definitions: To ensure clarity and consistency, this section details the definitions of key terms used throughout the agreement. It helps in avoiding any misunderstandings and promotes a common understanding between the grantee and granter. 3. Grant Award and Disbursement: This section outlines the amount of money awarded to the grantee, along with the disbursement schedule. It may specify whether the grant is a lump-sum payment or will be distributed in installments, providing a clear understanding of the financial aspects. 4. Scope of Work: Here, the specific activities, tasks, or projects that the grant funds will be utilized for are detailed. It provides a comprehensive breakdown of the project scope, including deliverables, milestones, and timelines, ensuring accountability and progress tracking. 5. Reporting and Monitoring: This section describes the reporting requirements imposed on the grantee, highlighting the expected frequency, format, and content of the reports. It also outlines the monitoring process that the granter will undertake to assess the progress and compliance of the grantee with the agreed-upon terms. 6. Budget and Expenses: This section requires the grantee to present a detailed budget, describing the proposed expenses for the project or activity. It provides guidelines on what the grant funds can be utilized for and may specify any limitations on certain types of expenditure. 7. Intellectual Property and Copyright: If applicable, this section addresses the ownership and usage rights of any intellectual property or copyrights that may be developed or utilized during the grant-funded project. It helps in clarifying the ownership and potential licensing arrangements. 8. Termination and Remedies: This section outlines the conditions under which the grant agreement may be terminated by either party and the remedies available in case of non-compliance. It may also include provisions for dispute resolution and arbitration if required. It's worth noting that the specific content and structure of the West Virginia Grant Agreement — Attachment A may vary depending on the grant program and the administering agency. Different types of grants may have additional sections based on the focus area, such as education, healthcare, infrastructure, or research. Therefore, it is essential to refer to the specific grant guidelines and instructions to identify any additional requirements or variations in Attachment A.