Common use of The Understanding Clause in Contracts

The Understanding. 1. The Parties intend to identify opportunities to support bilateral and multilateral Joint Research Projects (JRPs) in the scientific fields mutually agreed upon by NAFOSTED and UKRI. 2. The first proposed joint call (“the First Call”) is under framework of UKRI Southeast Asia Regional Funding Opportunity on Infectious Diseases of Epidemic and Antimicrobial resistance (AMR) Potential: a. UKRI and NAFOSTED intend to collaborate through the UKRI SEA Infectious Diseases of Epidemic and AMR Potential funding activity to support UK Vietnam partnerships. UKRI has an indicative budget of up to £21 million for this funding activity, with an estimated £3 million allocated to support partnership with Vietnam (subject to the number and quality of applications, expected to support up to 10 JRPs). NAFOSTED may provide up to VND25 billion to support Vietnamese researchers to conduct up to 10 JRPs. b. The Parties may jointly finance any agreed joint projects for a period of 03 (three) years, with each Party providing financial support for its own researchers, according to its own terms and conditions. 3. Potential future joint calls: any potential future joint funding calls will be discussed and may be agreed between UKRI (represented by one of its research councils) and NAFOSTED. The budget, scope of research and delivery mechanism for any future calls may be negotiated and decided prior to each respective call by the Parties.