Related Research. Sponsor understands and agrees that nothing in this Agreement interferes with UMD’s right to conduct research similar or related to the subject of the Research Project (“Related Research”), provided that such Related Research is conducted separately from the Research Project and does not involve the unauthorized use of Sponsor Confidential Information. Sponsor further understands and agrees that nothing in this Agreement grants Sponsor any rights to intellectual property that is conceived of or reduced to practice in the performance of any Related Research. COMPENSATION Payment and Payment Schedule. Sponsor hereby awards to UMD a cost reimbursement award in an amount not to exceed $XXXX. UMD will invoice the Sponsor monthly for costs incurred in accordance with the Research Project Budget as shown in Attachment 2. OR Sponsor will pay UMD the total firm fixed price amount of $XXXXXX (“Award Amount”) below in accordance with the following installment schedule:
Appears in 4 contracts
Samples: Research Agreement, Research Agreement, Research Agreement
