Common Contracts
1 similar Standard Material Transfer Agreement (Smta) contracts
The Standard Material Transfer Agreement (SMTA)Standard Material Transfer Agreement (Smta) • October 11th, 2010
The multilateral system facilitates the exchange of the plant genetic resources for food and agriculture (PGRFA) that are most important for food security and on which countries are most interdependent by setting out the terms and conditions on which that exchange will take place. The main content of these terms and conditions is set out in Part IV of the International Treaty on Plant Genetic Resources for Food and Agriculture (hereinafter ‘the Treaty’), in Articles 11, 12 and 13. These terms and conditions have been agreed to by the Contracting Parties in the exercise of their sovereign rights, on a multilateral basis, thus obviating the need (and transactional costs) of negotiating each exchange on a bilateral basis. The terms and conditions are incorporated in a standard material transfer agreement (SMTA) that was adopted by the governing body at its first session in June 2006. Article 12.4 of the Treaty requires that this SMTA be used for all transfers of PGRFA under the multilater
