Well done! The project has been awarded to your institution, launching the project into the post-award phase. Before your institution accepts this award, though the terms and conditions of the award need to be negotiated. The negotiation of the award depends largely upon the sponsor and the awarded funding mechanism as well as your institution’s culture and policies. This module focuses on defining the common agreement types and standard terms and conditions that may be problematic to your organization. It also presents strategies to solve these problems and ensure compliance. We end the module with a discussion of administering the agreement from award set-up to closeout.