Common use of Principal Investigators Clause in Contracts

Principal Investigators. A Principal Investigator(s) will be assigned by the University for directing the performance of the Work. If for any reason the Principal Investigator(s) becomes unavailable, the University shall notify the Sponsor with an appointment of a successor Principal Investigator chosen by the University. Unless the Sponsor provides notification of dissent in writing within fifteen (15) days of notice by the University for the appointment of a successor Principal Investigator, the successor Principal Investigator will replace the Principal Investigator of this Agreement and will conduct the Work. If a mutually acceptable successor is not identified, this Agreement or the specific project may be terminated immediately by either Party provided however that all funds paid to the University by the Sponsor prior to such termination will be retained by the University.