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National Grid rev. 8/19/11 COOPERATIVE FUNDING AGREEMENT This Cooperative Funding Agreement (Agreement) is entered into as of the day of August 2011, by and among The Narragansett Electric Company

How to fill out cooperative funding agreement

How to fill out a cooperative funding agreement:

1. Start by thoroughly reviewing the agreement: Read through the entire document to understand the terms, conditions, and obligations involved in the cooperative funding agreement.
2. Gather the necessary information: Collect all the essential information required for the agreement, such as names and contact information of all parties involved, project details, funding amounts, and any specific requirements stated.
3. Consult legal counsel if necessary: If you have any doubts or concerns about the agreement, seek legal advice to ensure you fully understand the implications and consequences of signing it.
4. Fill in the parties' information: Begin by entering the names, addresses, and contact details of all parties involved in the agreement, including the cooperative, funding organization(s), and any additional stakeholders.
5. Define the project details: Provide a clear description of the project, its goals, objectives, and deliverables. This section should outline the purpose of the funding and how it will be utilized.
6. Specify funding amounts and conditions: Indicate the specific funding amounts being provided by each party, the timeline or duration of the funding agreement, any installment or payment terms, and any conditions or milestones that need to be met for the funds to be released.
7. Establish reporting and accountability mechanisms: Outline the reporting requirements, which may include periodic financial statements, progress reports, or other documentation that demonstrates the use of funds and project advancements. Clarify who will be responsible for compiling and submitting these reports and how often they should be provided.
8. Include termination and dispute resolution clauses: Address termination conditions, such as breach of agreement, failure to meet obligations, or other unforeseen circumstances. Additionally, outline how any disputes or conflicts will be resolved, whether through mediation, arbitration, or other agreed-upon methods.
9. Review and seek consensus: Once the agreement is filled out, review it with all parties involved and seek their input and agreement. Make any necessary revisions or amendments to ensure that everyone is on the same page.
10. Sign and retain copies: Once all parties are in agreement, sign the cooperative funding agreement and ensure that each party retains a copy for their records.

Who needs a cooperative funding agreement?

1. Non-profit organizations: Non-profit organizations often rely on cooperative funding agreements to secure financial support for their projects, programs, or initiatives.
2. Government agencies: Government entities may engage in cooperative funding agreements to collaborate with non-profit organizations or other government bodies for joint projects or initiatives.
3. Private companies: Private companies seeking partnerships with non-profit organizations or government agencies may enter into cooperative funding agreements to supplement their funding for a common purpose.
4. Research institutions: Research institutions involved in collaborative projects or seeking funding for research initiatives may utilize cooperative funding agreements to outline the financial arrangements and expectations.
5. Community organizations: Community organizations collaborating with multiple stakeholders for community development initiatives often require cooperative funding agreements to establish clear understandings and obligations among all parties involved.

For pdfFiller’s FAQs

What is cooperative funding agreement?

A cooperative funding agreement is a contract between two or more parties to work together on a project or initiative and share the costs associated with it.

Who is required to file cooperative funding agreement?

Any parties involved in a cooperative funding agreement are required to file the agreement.

How to fill out cooperative funding agreement?

To fill out a cooperative funding agreement, parties involved must ensure all required information is accurately filled in the agreement form.

What is the purpose of cooperative funding agreement?

The purpose of a cooperative funding agreement is to establish the terms and conditions for cooperation between parties on a specific project or initiative.

What information must be reported on cooperative funding agreement?

Information such as the names of the parties involved, project details, funding amounts, and payment schedules must be reported on a cooperative funding agreement.

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