Common use of Cost of Research Clause in Contracts

Cost of Research. The Sponsor agrees to pay the University the fixed sum of $____________ for the performance of the Work. Payment is to be made one time in accordance with the schedule in Exhibit A. Payments shall be by check payable to “South Dakota State University”, and mailed to: Grants & Contracts Administration South Dakota State University SAD 323, Box 2201 Brookings, SD 57007 The University is not obligated to expend any other funds on the Work, and the Sponsor is not obligated to pay the University in excess of the stated amount. The University will retain title to equipment and all other items purchased with funds provided by the Sponsor; however, equipment, which is defined as items over $5,000 for this Agreement, purchased with funds provided by the Sponsor, as evidenced by the Sponsor’s records, may be used by the Sponsor under the terms of a separately negotiated and executed Facility Use Agreement with the University on a discounted basis for a period of three (3) years or as long as equipment is functional and under ownership and control of the University, whichever is sooner. If the U.S. government is the source of any of the funds paid by Sponsor under this Agreement, then Sponsor represents the following: Percent of federal funds: 0% CFDA #: Federal agency providing funds:

Cost of Research. The Sponsor agrees to pay the University the fixed sum of $____________ USD for the performance of the Work. Payment is to be made one time in accordance with the schedule in Exhibit A. Payments shall be by check payable to “South Dakota State University”, and mailed to: Grants & Contracts Administration South Dakota State University SAD 323, Box 2201 Brookings, SD 57007 The University is not obligated to expend any other funds on the Work, and the Sponsor is not obligated to pay the University in excess of the stated amount. The University will retain title to equipment and all other items purchased with funds provided by the Sponsor; however, equipment, which is defined as items over $5,000 for this Agreement, purchased with funds provided by the Sponsor, as evidenced by the Sponsor’s records, may be used by the Sponsor under the terms of a separately negotiated and executed Facility Use Agreement with the University on a discounted basis for a period of three (3) years or as long as equipment is functional and under ownership and control of the University, whichever is sooner. If the U.S. government is the source of any of the funds paid by Sponsor under this Agreement, then Sponsor represents the following: Percent of federal funds: 0% CFDA #: Federal agency providing funds: