19 – GRANT AGREEMENT

1. Under the Scheme, selected proposals will lead to a Grant Agreement between each beneficiary and MECI. This agreement will outline each party’s responsibilities and obligations according to the Scheme’s guidelines and the JTF rules. Additionally, the obligations of the participating company will be secured by guarantees from two individuals.
2. The signing of the Grant Agreement must occur within three months following the issuance of the approval letter. Failure to do so will result in the approval being revoked and the allocated funds being made available again.
3. Upon agreement execution, beneficiaries are required to supply the necessary stamps as mandated by relevant laws. All beneficiaries under the Scheme are bound to adhere to both national and EU environmental legislation, the principle of “do no significant harm”, and uphold commitments to gender equality and not-discrimination as specified in the annexed Laws and Regulations (Annex V and Annex VI).

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