Innovation Grant Fund Financing Agreement
Last Mile Programme (LMP)
Between and By
Society For Bangladesh Agricultural Extension Network (BAEN)
And
BASA FOUNDATION
BASA FOUNDATION in consortium with Cooperative Societies represented by Shirajul Islam in her capacity as Executive Director, having its registered office at Priyanka Run way City, Uttara Dhaka (hereinafter referred to as the “Recipient”) that will implement and oversee the implementation of the grant proposal as final draft work plan.
The network shall be known as Society For Bangladesh Agricultural Extension Network hereinafter called BAEN which is a national platform for advisory services on agricultural (Crop, Livestock and Fisheries) extension, research, and education. BAEN is a legal entity and can act in its own name as claimant and defendant and can execute all activities required by and pertaining to the achievement of its objectives.
This agreement expresses mutual acceptance between the two parties to make available the innovative technologies for the farmers, extension workers and researchers under the Last Mile Programme (LMP). Here it is mentioned that BASA FOUNDATION consortium
- will delivery the project outcomes and outputs as per project grant proposal and within the timeframe.
- For grant proposal BDT-700000 (Seven Hundred Thousand Only). 50 % of the total amount to be disbursed from beginning of the project.The remaining 50%upon delivery report of the six months achievements.
- The draft final project implementation plan will have to submit before first delivery of the cheque.
- An agreement will be signed between the Country Fora (BAEN) and the winner of the IG where the procedure is formalized. BAEN will be responsible for disbursing the funds as mentioned conditions.
- Tax and Vat may applicable asper Govt. rule of Bangladesh as and when necessary.
- May terminate the innovation grant fund of organization at any time through discussion within both parties. BAEN agrees to pay an organization for the Services actually performed. BAEN has no liability with regard to Services anticipated by the Scope or Services (Exhibit A) but not actually performed.
- This Agreement contains the entire Agreement between the parties hereto with respect to the matters covered herein. No other agreements, representations, warranties or other matters, oral or written, shall be deemed to bind the parties hereto with respect to the subject matter hereof. BAEN acknowledges that it is entering into this Agreement solely on the basis of the representations contained herein.
- Selected organizations of the innovation grant fund shall comply with all applicable laws in performing Services. This Agreement shall be construed in accordance with the laws of Bangladesh.
Monitoring and evaluation
The activities to be carried out by both the parties within the perspectives of the Agreement will be monitored though meeting/ discussion and evaluated jointly by BASA FOUNDATIONconsortium and BAEN .
Recognition
9. Each party would give due recognition to the contribution made by the other party. If production and marketing of any commodity of BASA FOUNDATION origin is launched, BAEN will recognize BASA’s contribution in mutually agreed manner.
10. All the materials placed in the public domain is subject to joint advertising, following the communication guidelines of all signing parties, and shall display logo of both the parties and donor also. Any publicity deriving from this joint activity and funded with individual party resources should be approved in advance by both the parties.
Modification
11. The parties to this agreement may add, modify, amend or delete any part of the agreement through mutual understanding.
Effect
12. This Memorandum of Understanding is valid starting from the date of its signature by both the parties,subject to confirmation of concern authorized person/head of organization and shall be effective in full force therefore for a period of one year.
Conflicts and resolution
13. Gaps in understanding of any provisions of this agreement or conflicts, if arise during execution of this agreement, shall be resolved through discussion between the Heads/authorized persons/ Senior Official of the two parties and such understanding or conflicts would be resolved through verbal or written resolution as deemed it.
In WITNESS WHEREOF, the parties have herein signed this agreement on the 27 August 2022 at BAEN office, Sech Bhaban, Manik Mia Avenue, Dhaka -1207.
For and on behalf of BANDHAN Society:
AKM Shirajul Islam
Executive Director
BASA Foundation
Shyamoli, Adabor, Dhaka-1207
For and on behalf of BAEN:
Kbd. Md. Afzal Hossain Bhuiyan
Lead Coordinator, LMP-BAEN
And Organizing Secretary, BAEN
SechBhaban,Manik Mia Avenue, Dhaka