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Nonexchange
Transactions
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Exchange
Transactions
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INDICATOR
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GIFTS
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SPONSORED
PROJECTS
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EXTERNAL
SALES
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| Intent of
resource provider or University |
Resource provider
(donor) and University benefits in exchange for resources transferred.
An unconditional
transfer is a voluntary nonreciprocal transfer.
Donor affirms
that it is making a donation to support the University's programs
and intends to take a charitable deduction.
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Reciprocal transfer
in which each party receives and sacrifices something of approximate
equal value.
Resource provider
(sponsor) affirms that it is providing resources in exchange for
specified benefits or services.
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University or
resource provider (customer) asserts that resource provider (customer)
will receive specified goods or services in exchange for resources
transferred.
Resource provider
(customer) affirms that is is providing resources in exchange for
specified goods or services
Tangible benefit
is received by the resource provider (customer)
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| Scope of work |
Funded activities
relate to the University's general mission encompassing research,
education, and public service. Amount of funding is not closely
linked to a specific scope of work.
Results of work
have no commercial value to the donor.
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Scope of work
is directed toward a specific line of scholarly or scientific inquiry,
specific training or education program, or specific public service
program. Amount of funding is based upon a scope of work and may
obligate the University to certain milestones and deliverables.
All clinical
trials will be managed as sponsored projects.
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Activities generally
include the sale of goods or the performance of services prescribed
by the resource provider (customer) or pursuant to a pre-existing
protocol, at a price determined by the University or by agreement
of both parties.
All clinical
trials will be managed as sponsored projects.
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| Primary and
secondary benefits |
Public
benefits derived from activity are primary; benefits to resource provider
are secondary. |
Public
benefits derived from activity are primary; benefits to resource provider
are secondary. |
Results
of University work have identifiable commercial value related to the
resource provider's (customer's) business operation and primarily
benefit resource provider (customer); public benefits are secondary. |
| Availability
of results |
Results of the
funded activity are available or delivered to individuals or organizations
other than the resource provider (donor)
University retains
the right to publish results.
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Results of the
funded activity are available to individuals or organizations other
than the resource provider (sponsor)
University retains
the right to publish results.
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The goods or
services are delivered to the resource provider (customer) at a
time and place agreed to by both parties.
University retains
the right to publish results in the aggregate consistent with Regent's
Policies on Research Secrecy and Publication of Investigation Results.
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| Terms and
conditions of performance agreement |
The agreement
may require programmatic and financial reports. The agreement will
not generally require a specific level of personnel effort or impose
budget category restrictions; the agreement will not generally restrict
supported activity to a specific period of time.
The time or
place of activities undertaken are at the discretion of the University.
The University
is not penalized for nonperformance.
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The agreement
may require programmatic and financial reports. It may require a
specific commitment regarding the level of personnel effort, specific
restrictions on certain types of expenditures, or prior approval
for re-budgeting. The agreement may restrict supported activity
to a specific period of time.
The time or
place of delivery of resources provided to a third party recipient
is at the discretion of the resource provider (sponsor).
Agreement is
binding. The University may incur penalties for nonperformance or
failure to meet the terms of the agreement.
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Deliverables
are the goods or services purchased.
Agreement is
binding. Resource provider (customer) may have contractual remedies
for the University's non-performance.
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