With A Consortium Agreement

Although it is not mandatory, we recommend that you refer to desca`s structure and guidelines when creating a consortium agreement. As mentioned above, it is advisable to hire an experienced legal advisor when preparing this agreement. The DESCA model should only be referenced as a means of generally structuring the agreement and taking into account the important aspects that need to be taken into account. The following conditions must be met to be eligible for a consortium agreement: Your financial support will be provided by the institution from which you receive your degree. The school where you will graduate is the “home” institution that must manage a consortium agreement with the other school, also known as a “guest” institution. A consortium agreement is a binding contract signed between the partners of a horizon 2020 joint project. The Horizon 2020 grant agreement (Article 41(3)) states: “Beneficiaries shall have internal provisions for their implementation and coordination in order to ensure the proper implementation of the action. These internal arrangements are set out in a written `consortium agreement` between horizon 2020 beneficiaries. »; So what do you need to know about this agreement and the implementation process? Read on to learn more. You must enter into a consortium agreement to confirm that you have met the requirements to receive Title IV and financial support from the government to fund your host school courses. The objective of a consortium agreement is to ensure the disbursement of the appropriate level of financial support.

Consortium contracts will only be processed if they are necessary for you to receive your financial support. The consortium agreement complements the grant agreement for Horizon 2020. While the grant agreement defines the binding legal relationship between the European Commission and the project partners, the consortium agreement defines and regulates the relationship between the partners themselves. Unlike the grant agreement (which is fixed and cannot be amended), the Horizon 2020 consortium agreement is essentially a commercial agreement between the partners. As such, it is flexible and can be adapted to the specific needs of the project and its partners. Remember that once the Horizon 2020 project is funded, the consortium partners will work together for a long time. For this reason, it is very important to have a binding agreement that takes into account the different expectations, requirements and circumstances that may arise. Based on the above procedures, it is important to allow enough time for all these steps. Ideally, the form arrives well before the first day of payment for the term. Call the host school in advance and ask them what their procedures are for dealing with consortium agreements where they are the host school.

Please note that your support payments as a consortium student may be delayed. You may lose eligibility for some or possibly all of the financial support. You must contact the UMGC Financial Aid Office if you plan to cancel courses or retire. It should be noted that there is no binding model for a consortium agreement. The European Commission has only provided a checklist of non-binding guidance on issues that participants can take into account when drawing up their consortium agreements. A consortium agreement is an agreement between two colleges or universities to recognize your registration at each location for financial support purposes. It also certifies that only one of the two institutions can manage your Title IV and the financial assistance from the State. Note: Costs associated with preparing a consortium agreement are not eligible because the consortium agreement must be signed prior to signing the grant agreement.

However, costs related to the updating of the consortium agreement shall be eligible if they are incurred during the duration of the action. Note: Most scholarships require full-time enrollment at the University of Iowa. .