Basic Budgeting Strategies for Industry Agreements (2019)
For many universities and their industry partners traditional approaches to negotiating sponsored research and license agreements may not produce the desired results. New models that are intended to streamline university industry agreement and promote more and better university-industry partnerships have emerged over the last few years.
The budget is key in determining whether it is feasible to proceed with a sponsored project. The budget should reflect the funding required to successfully undertake the proposed project and allow the industry sponsor to assess whether those funds are available. Budgets detail and format may vary but include direct and indirect costs. Sometimes additional funds from other sources such as the state or federal government may be required. This session will provide a summary of budget and payment terms and considerations as well as discussion of some related issues and solutions.
About the Series
UIDP Academy presents a ten-part webinar series on contemporary issues and opportunities for effective negotiation of industry-sponsored research agreements (ISRAs). This series is strategically designed to offer seasoned contracting professionals, as well as novices and others who just want to learn more about the general contracting issues affecting ISRA negotiations, an opportunity to discuss a broad range of contracting matters. More information about ISRAs can be found in UIDP’s Contract Accords.
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