15 C.F.R. § 295.23   Dissolution of joint research and development ventures.


Title 15 - Commerce and Foreign Trade


Title 15: Commerce and Foreign Trade
PART 295—ADVANCED TECHNOLOGY PROGRAM
Subpart B—Assistance to United States Industry-Led Joint Research and Development Ventures

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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.

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