the research foundation of state university of new york and sponsor r.f. account #____________________
made by and between the research foundation of state university of new york, a nonprofit, educational corporation organized and existing under the laws of the state of new york, with its principal offices located at 35 state street, albany, new york 12207 (mailing address: post office box 9, albany, new york 12201 0009), hereinafter referred to as the “foundation,” acting on behalf of the state university of new york at ______________, hereinafter referred to as “university,” and ________________, a corporation organized and existing under the laws of the state of __________________ , with its principal office located at _______________________, hereinafter referred to as “sponsor.”
witnesseth:
whereas, sponsor and foundation have a mutual interest in promoting research related to _______________, hereinafter referred to as the “field;” and
whereas, ________________________________ of the state university of new york at _______________?has developed expertise relating to the field; and
whereas, sponsor has approved funding to support a research project entitled “___________________________________,” hereinafter referred to as the “project” which will be carried out by _________________________;
now, therefore in consideration of the premises and the mutual covenants hereinafter contained, the parties agree as follows:
1.scope of work
the foundation agrees to use its best efforts to conduct and carry out the project described in the scope of work, exhibit a, which is attached to and made an integral part of this research agreement.
2.reports
during the term of this research agreement, foundation shall provide written reports to sponsor as specified in exhibit a.
3.compensation
[fixed price]
a) in consideration of research services to be performed pursuant to this research agreement, sponsor shall make fixed payments in the total amount of fee dollars.?this amount shall be paid to foundation upon submission of invoices according to the following schedule:
__________ on execution of this research agreement
__________
b)?an interest penalty of 1.5% per month will be added to the total invoice amount of payment if not received within forty-five (45) days of the invoice date.
[cost reimbursable]
a)?in full and complete consideration of foundation’s performance under this agreement, the sponsor shall reimburse foundation for allowable costs incurred in accordance with the terms of this agreement, up to ______________________ dollars, which shall be spent in accordance with the budget set forth in exhibit a, attached hereto.?reimbursement shall be made to foundation upon submission of invoices to sponsor as provided below. foundation will submit [monthly; quarterly]an invoice or voucher of costs incurred by the foundation in the performance of this agreement and claimed to constitute allowable costs.?promptly after receipt of each invoice or voucher, sponsor shall make payment thereon.