Common use of Financial System Clause in Contracts

Financial System. No fees for the FoodNet Meta-cluster partners and associated members are foreseen up to the end of the FoodNet project (15th December 2019). Until this date each Partner intends to bear its own costs and expenditures that might be incurred in the course of implementing this agreement in terms of particular action or activity which will be initiated within the FoodNet, besides possible funding made available under the FoodNet project funding. As of 16th December 2019 the economic resources of the FoodNet Meta-cluster foreseen for the development of the aims and activities will be private contributions of all the partners and the attainment of public resources. Private: 1. Entrance fee: a fee that will be requested from new partners when joining the Partnership. 2. Membership fee: annual fixed fee requested from each Partner