Common use of Funding Out Clause in Contracts

Funding Out. Parties acknowledge that legislative action may require curtailment or termination of some or all of the University’s research and educational programs. Parties acknowledge further that the University is obligated to respond to such legislative action and may determine that it is necessary to curtail or terminate this program. Parties also acknowledge termination or failure to perform terms of this Agreement in response to legislative action will not be deemed a breach of this Agreement.

Appears in 7 contracts

Samples: Sponsored Research Agreement, Sponsored Research Agreement, Sponsored Research Agreement

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