Project Funding Agreement Template for Austria

The Project Funding Agreement is a crucial document used in Austria to formalize funding arrangements between funding organizations and project implementers. It serves as the primary legal instrument for managing grant disbursement, project implementation, and accountability under Austrian law. This agreement type is particularly important in contexts where structured funding is provided for specific projects, whether in research, innovation, infrastructure, or social development. The document incorporates requirements from various Austrian regulations, including the Research Promotion Act and Federal Procurement Act where applicable. It provides comprehensive coverage of project parameters, funding conditions, compliance requirements, and risk management provisions, while ensuring alignment with Austrian civil code principles and EU regulations where relevant. The agreement is designed to protect both funders' and recipients' interests while maintaining transparency and accountability in project funding.

1. Parties: Identification of the funding organization and funding recipient, including full legal names, registration details, and authorized representatives

2. Background: Context of the funding arrangement, purpose of the project, and brief overview of the parties' intentions

3. Definitions: Detailed definitions of key terms used throughout the agreement

4. Project Scope: Detailed description of the funded project, its objectives, and deliverables

5. Funding Amount and Payment Terms: Specification of the funding amount, payment schedule, and conditions for disbursement

6. Project Timeline: Key dates, milestones, and project duration

7. Obligations of the Funding Recipient: Detailed responsibilities including project execution, reporting, and compliance requirements

8. Obligations of the Funding Organization: Commitments regarding funding provision, support, and oversight

9. Monitoring and Reporting: Requirements for progress reports, financial reporting, and project monitoring

10. Intellectual Property Rights: Ownership and usage rights of project results and pre-existing IP

11. Confidentiality: Protection of confidential information shared during the project

12. Term and Termination: Duration of the agreement and conditions for early termination

13. Force Majeure: Provisions for unforeseen circumstances affecting project execution

14. Governing Law and Jurisdiction: Confirmation of Austrian law application and dispute resolution procedures

15. General Provisions: Standard legal clauses including notices, amendments, and severability