University of Saskatchewan

September 23, 2014   

What is a Contract?

A contract is an agreement between two or more parties creating enforceable obligations. The University of Saskatchewan requires that the agreement be in writing, signed by the duly authorized University personnel and sealed with the University Seal. Under a contract providing research funding, a number of characteristics are typically present:

  • Scope and nature of research are outlined
  • Set time period for the research
  • Milestones and/or deliverables are defined
  • Payment schedule may be linked to meeting deliverables
  • Intellectual Property rights are granted to sponsor
  • Publication restriction: review of material to check for confidentiality or patent issues
  • Principal Investigator may be compensated under project

How does a grant differ from a contract?

  • Results intended for public dissemination
  • Research initiated by the Principal Investigator
  • Funds are provided in advance of expenditures
  • Publication is unrestricted; there are no provisions for review prior to release
  • Any Intellectual Property developed remains with the University and no rights are granted to sponsor
  • Principal Investigator can not be compensated under the project
  • Principal Investigator may use funds as he/she feels most appropriate for the research
  • Assets purchased under the project are owned by the University