Grant Agreement

Grant Agreement Template

This Grant Agreement (“Agreement”) is entered into on [Date], by and between:

Grantor (Funding Entity): [Full Legal Name / Organization Name]
Address: [Address]
Phone: [Phone Number]
Email: [Email Address]

Grantee (Recipient): [Full Legal Name / Organization Name]
Address: [Address]
Phone: [Phone Number]
Email: [Email Address]

Collectively referred to as the “Parties.”

1. Purpose of Grant

The Grantor agrees to provide funding to the Grantee for the following purpose:
[Detailed description of project, program, or initiative being funded].

2. Grant Amount and Disbursement

• Total Grant Amount: $[Amount].

• Disbursement Schedule: [Lump sum, installments, or milestone-based payments].

• Method of Payment: [Specify payment method].

3. Use of Funds

The Grantee shall use the grant funds exclusively for the purpose described in Section 1 and in accordance with applicable laws and regulations. Any deviation must be approved in writing by the Grantor.

4. Reporting Requirements

The Grantee agrees to submit the following reports:

• Interim Progress Reports – Submitted every [X months] detailing activities, outcomes, and expenditures.

• Final Report – Submitted within [X days] of project completion.

• All reports must include financial statements and supporting documentation.

5. Record-Keeping and Audit Rights

The Grantee shall maintain accurate financial records related to the grant and make them available for inspection or audit by the Grantor upon reasonable notice.

6. Compliance Obligations

The Grantee shall comply with all applicable federal, state, and local laws, as well as any regulations or guidelines set forth by the Grantor.

7. Breach and Remedies

If the Grantee fails to comply with the terms of this Agreement, the Grantor may:

• Suspend further payments.

• Require repayment of misused funds.

• Terminate this Agreement immediately upon written notice.

8. Intellectual Property (Optional)

Specify ownership and licensing rights for any intellectual property created through grant-funded activities.
Example: “All intellectual property developed under this grant shall belong to the Grantee, subject to a non-exclusive license granted to the Grantor.”

9. Term and Termination

• This Agreement shall begin on [Start Date] and end on [End Date], unless extended by mutual consent.

• Either Party may terminate this Agreement with [X days] written notice.

10. Indemnification

The Grantee agrees to indemnify and hold harmless the Grantor from any claims, damages, or liabilities arising out of the Grantee’s use of the funds or conduct related to the project.

11. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of [State/Country].

12. Entire Agreement

This Agreement represents the complete understanding between the Parties and supersedes any prior discussions or agreements.

Signatures

Grantor Signature: ____________________________ Date: _________
Printed Name & Title: _________________________________________

Grantee Signature: ____________________________ Date: _________
Printed Name & Title: _________________________________________