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SR & ED CONTINGENCY AGREEMENT BETWEEN:Custom Business Solutions (CBS)AND: Name: (Client)Business Name: Address: City: Province: Postal Code: Phone Number: The Client has requested that C.B. Solutions
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SR&ED contingency refers to the provision made by a company to cover unexpected costs or uncertainties associated with their Scientific Research and Experimental Development activities.
All companies conducting Scientific Research and Experimental Development activities are required to file SR&ED contingency.
SR&ED contingency is typically filled out by estimating potential risks and uncertainties in the research and development process, and setting aside funds to cover those potential costs.
The purpose of SR&ED contingency is to ensure that companies have the financial resources to address unexpected challenges or uncertainties that may arise during the research and development process.
SR&ED contingency reports must include details on the estimated costs of potential risks and uncertainties in the research and development activities.
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