Common use of Finances Clause in Contracts

Finances. (a) The Union shall have a budget. (b) The budget of the Union shall include the income and expenses proper to the Union and its contribution to the budget of expenses common to the Unions administered by the Organization. (c) Expenses not attributable exclusively to the Union but also to one or more other Unions administered by the Organization shall be considered as expenses common to the Unions. The share of the Union in such common expenses shall be in proportion to the interest the Union has in them. (2) The budget of the Union shall be established with due regard to the requirements of coordination with the budgets of the other Unions administered by the Organization. (3) Subject to the provisions of paragraph (5), the budget of the Union shall be financed from the following sources: (i) fees and charges due for services rendered by the International Bureau in relation to the Union; (ii) sale of, or royalties on, the publications of the International Bureau concerning the Union; (iii) gifts, bequests, and subventions; (iv) rents, interests, and other miscellaneous income. (4) The amounts of fees and charges due to the International Bureau and the prices of its publications shall be so fixed that they should, under normal circumstances, be sufficient to cover all the expenses of the International Bureau connected with the administration of this Treaty. (5) (a) Should any financial year close with a deficit, the Contracting States shall, subject to the provisions of subparagraphs (b) and (c), pay contributions to cover such deficit.

Finances. (a) The Union shall have a budget. (b) The budget of the Union shall include the income and expenses proper to the Union and its contribution to the budget of expenses common to the Unions administered by the Organization. (c) Expenses not attributable exclusively to the Union but also to one or more other Unions administered by the Organization shall be considered as expenses common to the Unions. The share of the Union in such common expenses shall be in proportion to the interest the Union has in them. (2) The budget of the Union shall be established with due regard to the requirements of coordination with the budgets of the other Unions administered by the Organization. (3) Subject to the provisions of paragraph (5), the budget of the Union shall be financed from the following sources: (i) fees and charges due for services rendered by the International Bureau in relation to the Union; (ii) sale of, or royalties on, the publications of the International Bureau concerning the Union; (iii) gifts, bequests, and subventions; (iv) rents, interests, and other miscellaneous income. (4) The amounts of fees and charges due to the International Bureau and the prices of its publications shall be so fixed that they should, under normal circumstances, be sufficient to cover all the expenses of the International Bureau connected with the administration of this Treaty. (5) (a) Should any financial year close with a deficit, the Contracting States shall, subject to the provisions of subparagraphs (b) and (c), pay contributions to cover such deficit.publications

Finances. (a) The Union shall have a budget. (b) The budget of the Union shall include the income and expenses proper to the Union and its contribution to the budget of expenses common to the Unions administered by the Organization. (c) Expenses not attributable exclusively to the Union but also to one or more other Unions administered by the Organization shall be considered as expenses common to the Unions. The share of the Union in such common expenses shall be in proportion to the interest the Union has in them. (2) The budget of the Union shall be established with due regard to the requirements of coordination with the budgets of the other Unions administered by the Organization. (3) Subject to the provisions of paragraph (5), the budget of the Union shall be financed from the following sources: (i) fees and charges due for services rendered by the International Bureau in relation to the Union; (ii) sale of, or royalties on, the publications of the International Bureau concerning the Union; (iii) gifts, bequests, and subventions; (iv) rents, interests, and other miscellaneous income. (4) The amounts of fees and charges due to the International Bureau and the prices of its publications shall be so fixed that they should, under normal circumstances, be sufficient to cover all the expenses of the International Bureau connected with the administration of this Treaty. (5) (a) Should any financial year close with a deficit, the Contracting States shall, subject to the provisions of subparagraphs (b) and (c), pay contributions to cover such deficit.