Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 15 - Commerce and Foreign Trade |
Subtitle B - Regulations Relating to Commerce and Foreign Trade |
Chapter II - National Institute of Standards and Technology, Department of Commerce |
SubChapter K - NIST Extramural Programs |
Part 295 - Advanced Technology Program |
Subpart B - Assistance to United States Industry-Led Joint Research and Development Ventures |
§ 295.23 - Dissolution of joint research and development ventures.
Latest version.
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§ 295.23 Dissolution of joint research and development ventures.
Upon dissolution of any joint research and development venture receiving funds under these procedures or at a time otherwise agreed upon, the Federal Government shall be entitled to a share of the residual assets of the joint venture proportional to the Federal share of the costs of the joint venture as determined by independent audit.