What Is A Grant Agreement

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What is a grant agreement?

A grant agreement is a legally binding contract between a grantor, who provides funding, and a grantee, who receives the funds. It outlines the terms and conditions under which the grant is awarded, including the purpose of the grant, the amount of funding, and the obligations of both parties.

What are the types of grant agreements?

There are several types of grant agreements, each serving different purposes. Some common types include project grants, operational grants, and capital grants. Each type has specific eligibility criteria and requirements for how the funds can be used.

Project grants
Operational grants
Capital grants

How to complete a grant agreement

Completing a grant agreement requires attention to detail and understanding of the terms outlined in the contract. Here are some steps to help you complete a grant agreement successfully:

01
Carefully review the terms and conditions of the grant agreement
02
Ensure that all required documentation is provided
03
Clarify any questions or concerns with the grantor before signing
04
Keep a copy of the signed agreement for your records

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Questions & answers

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. A legal instrument of financial assistance between a Federal awarding agency or pass-through entity and a non-Federal entity that, consistent with 31 U.S.C.
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 agreements typically specify what the funds are intended to be used for, any conditions of funding (such as acquiring matching funds or executing a deed restriction), reporting and monitoring requirements, and what remedies would be required should the funds be used improperly or not entirely used.
Standard Grant means a type of grant in which NSF agrees to provide a specific level of support for a specified period of time with no statement of NSF intent to provide additional future support without submission of another proposal.
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.