Funding News Edition: November 03, 2021 See more articles in this edition
In case you’re not familiar with Other Transactions (OTs), let us introduce you.
In a nutshell, OTs are a special type of legal instrument other than a contract, grant, or cooperative agreement. Federal government agencies can enter into OTs through the Other Transactions Authority.
Though OTs are uncommon, and NIAID rarely uses them, there are several reasons for going the OT route rather than traditional funding mechanisms. For example:
- Need for flexibility to negotiate terms and conditions appropriate for the specific program requiring fluid implementation
- Need for non-standard negotiation of intellectual property rights
- Participation sought by nontraditional research recipients, e.g., foreign entities, patient advocacy organizations
If you’re interested in learning more about OTs, go to NIH’s Other Transactions website.