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Research-Contracts-2014

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Monitoring Section 8 34 Minutes should be kept of all meetings. These may be in a brief or bullet point format for those dealing with more day-to-day matters but for the strategic meetings minutes should be more detailed. It is usual for the Project Manager to take these minutes. Voting From time to time key decisions will have to be taken in relation to a Project. It will always be necessary to tailor the voting on various issues to deal with the individual requirements of the collaboration. Different considerations may apply in a 50/50 collaboration where participants will have equal voting rights than where participants' contributions are unequal. Where one participant is making a significantly greater contribution than the others, that participant may want the final say on matters to be decided, either through a casting vote or weighted voting rights e.g. where it gets two votes against the other participants' one vote. It may also sometimes say in the Research Contract that certain decisions e.g. to terminate the research, cannot be taken unless the main contributor agrees. Particularly in the case of collaborative research, there will be certain matters which the collaborators regard as central to protecting the value of their investment. It is not uncommon to see these matters requiring consent of all collaborators, even if that can essentially give one participant a right of veto. This arises quite frequently in European Framework Consortium Agreements, where all participants often have to consent before a new collaborator can join the Research Project.

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