1.

The grant agreement shall at least lay down the following: the subject; the beneficiary; the duration, namely: the date of its entry into force; the starting date and the duration of the action or financial year being funded; the maximum amount of Union funding expressed in euro and the form of the grant supplemented, as appropriate, by: the total estimated eligible costs of the action or work programme and the financing rate of the eligible costs; the unit cost, lump sum or flat rate referred to in points (b), (c) and (d) of Article 123 of the Financial Regulation where determined; a combination of the elements set out in points (i) and (ii) of this point; a description of the action or, for an operating grant, of the work programme approved for that financial year by the authorising officer together with a description of the results expected from the implementation of the action or of the work programme; the general terms and conditions applicable to all agreements of this type, such as the acceptance by the beneficiary of checks and audits by the Commission, OLAF and the Court of Auditors; the estimated overall budget of the action or work programme; where implementation of the action involves procurement, the principles referred to in Article 209 or the procurement rules which the beneficiary must comply with; the responsibilities of the beneficiary, in particular: in terms of sound financial management and submission of activity and financial reports; whenever appropriate, intermediate targets shall be established, upon which those reports become due; in the case of an agreement between the Commission and a number of beneficiaries, the specific obligations of the coordinator, if any, and of the other beneficiaries towards the coordinator as well as the financial responsibility of the beneficiaries for amounts due to the Commission; the arrangements and time limits for approving those reports and for payment by the Commission; as appropriate, details of the eligible costs of the action or approved work programme, or of the unit costs, lump sums or flat rates referred to in Article 123 of the Financial Regulation; provisions governing the visibility of the Union financial support, except in duly justified cases, where public display is not possible or appropriate. The general terms and conditions referred to in point (f) of the first subparagraph shall at least: state that Union law is the law which applies to the grant agreement, complemented, where necessary, by national law as specified in the grant agreement. Derogation may be made in the agreements concluded with international organisations; specify the competent court or arbitration tribunal to hear disputes.

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Source: EUR-Lex (Cellar) · retrieved 2026-11-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.