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Stage 1: The Agreement/Contract review

 

Stage 1: The Agreement/Contract review

ROADS reviews and negotiates non industrial sponsor agreements and contracts with funding sources on behalf of McMaster University for approved proposals. Depending on the size and scope of the project, the negotiation process may cover legal, insurance and financial review, ethics compliance, and the establishment of a bilateral/consortium agreement. In some circumstances agreements or contracts are vetted through MILO for review of intellectual property rights protection.

All agreements and contracts require an authorized McMaster signing authority, not the Principal Investigator. In some situations ROADS must review the project budget in its final form before an award can be accepted. All project agreements must be acknowledged by the Principal Investigator. It is the Principal Investigator’s responsibility to ensure that all project participants are informed of their obligations under established terms and conditions.