Money contribution Considerations Clause Samples

Money contribution Considerations. All money contribution is recognized as such, provided that it is executed within the Agreement period. - A money contribution will be considered as the external financing obtained by one of the partners to the projects of I+D+I in progress or to be initiated and included in the research areas of the CE and included as part of the work plan. - The equipment purchased by the universities, within the Agreement period, may be part of the money contribution, provided that they pass their ownership to the CE. - Exceptionally, a money contribution of the International Research Center will be considered those contributions that though been intended to the exclusive use of the CE, they cannot be monetized, for example, among others, compensations and/or fees of the researcher staff of such center of 100% and activities made in Peru directly related to the projects or research areas of the CE. All those from the public support such as CONCYTEC, FONDECYT, FINCYT, among others, shall not be considered as money contributions of the CE members. The projects developed in the CE will be subject to the applicable laws in force in relation to the tax incentive.