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Project Funding Agreement

Project Funding Agreement Template for Ireland

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Key Requirements PROMPT example:

Project Funding Agreement

"I need a Project Funding Agreement for a €2 million research grant to a Dublin-based biotech startup, with quarterly milestone payments starting March 2025 and including provisions for intellectual property sharing between the government agency and the recipient."

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Document background
The Project Funding Agreement is a crucial legal instrument used in Ireland when organizations or individuals seek to formalize funding arrangements for specific projects. This document is essential for both public and private sector funding, ensuring compliance with Irish financial regulations, state aid rules, and relevant EU directives. It's commonly used when government agencies, private investors, or corporations provide financial support for research, development, infrastructure, or innovation projects. The agreement details all aspects of the funding relationship, including payment structures, project milestones, reporting requirements, and accountability measures. It's designed to protect both the funder's and recipient's interests while ensuring transparent and effective project implementation under Irish law.
Suggested Sections

1. Parties: Identification and details of the funder(s) and funding recipient

2. Background: Context of the funding arrangement and project overview

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

4. Purpose and Scope: Detailed description of the project objectives and scope

5. Funding Amount and Terms: Specification of the funding amount, payment terms, and conditions

6. Project Implementation: Requirements for project execution, timelines, and milestones

7. Obligations of the Recipient: Specific duties and responsibilities of the funding recipient

8. Obligations of the Funder: Specific duties and responsibilities of the funding provider

9. Reporting Requirements: Details of required project reports, frequency, and content

10. Financial Management: Requirements for managing and accounting for project funds

11. Intellectual Property: Ownership and rights regarding project outputs and innovations

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

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

14. Force Majeure: Provisions for unforeseen circumstances affecting project implementation

15. Governing Law and Jurisdiction: Specification of Irish law as governing law and jurisdiction

16. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment

Optional Sections

1. Multiple Funder Provisions: Required when multiple funding sources are involved, detailing coordination and priority

2. Equipment and Assets: Needed when specific equipment or assets are being funded or provided

3. State Aid Compliance: Required for public funding subject to state aid regulations

4. Research Compliance: Needed for research projects requiring ethical or regulatory compliance

5. Environmental Requirements: Required for projects with environmental impacts or obligations

6. Security Requirements: Needed when project involves sensitive information or security concerns

7. Employment and Staffing: Required when project funding includes staff costs or hiring requirements

8. International Collaboration: Needed for projects involving international partners or activities

Suggested Schedules

1. Project Plan: Detailed project description, methodology, and implementation plan

2. Budget and Payment Schedule: Detailed breakdown of project costs and payment milestones

3. Key Personnel: List of key project team members and their roles

4. Reporting Templates: Standard forms for progress and financial reporting

5. Performance Indicators: Specific metrics and targets for project success

6. Due Diligence Requirements: Documentation required for funding disbursement

7. Insurance Requirements: Details of required insurance coverage

8. Form of Progress Report: Template for regular project progress reporting

9. Form of Financial Report: Template for financial reporting and expenditure tracking

10. Approved Project Application: Original project application or proposal as approved

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




































Clauses






























Relevant Industries

Technology

Research & Development

Education

Healthcare

Environmental

Manufacturing

Agriculture

Renewable Energy

Construction

Biotechnology

Social Services

Infrastructure

Digital Innovation

Creative Industries

Financial Services

Relevant Teams

Legal

Finance

Compliance

Project Management Office

Research & Development

Operations

Risk Management

Investment

Business Development

Grant Administration

Contract Management

Relevant Roles

Chief Financial Officer

Project Manager

Legal Counsel

Finance Director

Grant Administrator

Research Director

Compliance Officer

Investment Manager

Program Director

Contracts Manager

Business Development Director

Financial Controller

Operations Director

Risk Manager

Funding Coordinator

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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