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Path: Consulting Services arrow Report & Digest arrow GCA Digest Articles arrow GCA Digest 1999 arrow The Basics of "Other Transactions" - OT Agreement

The Basics of "Other Transactions" - OT Agreement

DARPA has prepared two model research OT agreements – one for a single party and the other for a consortium. Some individual departments of DOD and NASA have also prepared their own OT agreements. All the model OT agreements are shorter and simpler than standard FAR-covered procurement contracts. The absence of normal government requirements allow the parties to negotiate under more of a "freedom of contract" mode, allowing greater use of commercial practices and terms and conditions unique to the project and its participants. The OT agreements typically cover work statements, administrative and payment methods and considerations of data, patent and intellectual property.

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