Issue link: https://htpgraphics.uberflip.com/i/392125
Funding Section 3 13 Invented Here (NIH) spectre. Any Letters of Intent or Heads of Terms need to be signed by an authorised representative both on behalf of your institution and the company with which you are contracting. The authorised representative is likely to be a Director of a Company rather than a Manager. n Final steps Do check the terms and conditions with your line manager and with your institution's relevant authorised office and ensure that it is complete and acceptable in the event that the agency/company with whom you are in contact wants to go ahead with your proposal. What goes in the Research Contract? n Standard Conditions Any research which is being funded at all by a third party involves the drawing up of a Research Contract. However, much research is supported by one of the seven Research Councils who are the main public investors, in fundamental research in the UK. Each of the Research Councils has its own standard terms and conditions which will apply when its offer of funding is accepted. These will be on its website. You should make sure that you are familiar with the conditions applicable to any grant which you have for your research. The conditions do vary from Research Council to Research Council, but the fundamental principle that these are non-negotiable is the same. n In Kind Not all funding comes in cash: it may come in kind. A sponsor of research may for instance supply some facilities or equipment which can be used in the research (see Section 7 – Facilities). That should be clearly set out in the Research Plan.