.....This is the sort of thing issue I have been attempting to insert
into our consultant contracts - liquidated damage clauses:

When the parties to a contract agree to the payment of a certain sum
as a fixed and agreed upon satisfaction for not doing certain things
particularly mentioned in the agreement.

The amount of money specified in a contract to be awarded in the event
that the agreement is violated. The fixed amount which a party to an
agreement promises to pay to the other, in case he shall not fulfill
some primary or principal engagement into which he has entered by the
same agreement.

Do any universities have policies and procedures related to bad debt
collection on sponsored projects that they will share?  I am ok with
cruising websites if you just want to reference that.  Also, do you
make
a distinction between bad debt on the part of a sponsor and "default"
(i.e. delinquent reports, incomplete SOW) of your investigators?  Do
you
perform any kind of risk assessment before entering into a sponsored
agreement with a private company?  Who is responsible for covering the
bills when a company declares bankruptcy?

Just a few questions for consideration.  I have a meeting with our
Dean's to discuss later this week and they often want to know how
other
universities handle the same problem.  Thanks in advance for any
information you can provide.

Martha M. Taylor
Assistant Vice President for Research
310 Samford Hall
Auburn University, Alabama 36849-5131
334-844-4438
334-844-5953 (fax)
xxxxxx@auburn.edu
http://www.auburn.edu/research/vpr/contracts

Robert Gregory Miller
Charles R. Drew University of Medicine and Science
Div. of Endocrinology, Metabolism and Molecular Science
Administrative Director/Research Administrator
xxxxxx@cdrewu.edu
Office: 323.563.5961
Fax: 323.563.5966

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-----Original Message-----
From: Robert Miller [mailto:xxxxxx@hotmail.com]
Sent: Monday, August 22, 2005 12:30 PM
To: xxxxxx@cdrewu.edu
Subject: FW: [RESADM-L] Bad debt collection

________________________________

 From:  Martha Taylor <xxxxxx@AUBURN.EDU>
 Reply-To:  Research Administration Discussion List

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