The clinical trial agreement is a binding contract made between two parties, one of whom is the “Sponsor” or the company or individual sponsoring the clinical trial, while the other is the “Institution” or the organization or hospital receiving the sponsorship for conducting clinical trials.
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Sample clinical trial agreement
Clinical Trial Agreement
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The “Sponsor” desires that the “Institution” study the efficacy or safety of Methalomin [DRUG] henceforth known as the “Study Drug” and the Institution be willing to perform an in-depth clinical study of the “Study Drug”.
The “Institution” will make complete efforts for carrying out this clinical trial study and research in accordance to the terms and conditions of this Clinical Trial Agreement. This agreement developed by the “Sponsor” is dated 15 November 2011 and entitled Methalomin Efficacies (the “Study”), contains study protocols attached hereto as Exhibit C for reference.
Under this Clinical Trial Agreement, the period of study or performance shall begin on 20 November 2011 (date) through 10 July 2012 (end date), unless the study deadline is extended through addition of an amendment to the Agreement or if the agreement is terminated in accordance to terms and conditions stated in Article 19.
The “Sponsor” will reimburse the “Institution” all direct as well as indirect costs that the “Institution” incurred, during course of study, and in accordance with the budget attached.
IN WITNESS WHEREOF, the parties “Sponsor” and “Institution” have executed this Clinical Trial Agreement as on the date set forth which is 11/15/2011 (MM/DD/YY).