The LP/PPs are obliged to store the invoices and to keep them clearly traceable in the bookkeeping for the FLC and audit purposes and maintain records of invoices and bodies holding documentation in the audit trail in accordance with Article 140 of CPR Regulation. projects are operating under the State Aid scheme, LP/PPs must maintain detailed records with the information and supporting documentation necessary to establish that all the conditions laid down in the Regulation are fulfilled: in this case the documents shall be retained for ten years after the last aid is granted under the scheme. Art. 19 Assignment, legal succession LP and PPs in exceptional cases and in well-founded circumstances are allowed to assign their duties and rights under this Agreement only after prior written consent of the MA/JS or MC, if applicable in compliance with the procedure specified in the Factsheet n. 6. Where according to national laws the legal personality does not change and where all assets of a PP are taken over so that a deterioration of the financial capacity of the acquiring institution is not to be expected (i.e. in cases of universal succession) prior consent by the programme bodies is not necessary. However, the concerned PP shall submit in due time to the MA/JS via the LP related information together with all documents that are necessary to analyse the legal case. If the MA/JS comes to the conclusion the conditions as stated above are not fulfilled (e.g. in cases of a singular succession), the LP will be informed that a partner change procedure as stated in Art. 15 (2) of this Agreement has to be initiated. In case of assignment or any form of legal succession of any PP, the PP concerned is obliged to assign all rights and obligations and all project related documents to each and any assignee or legal successor. Related reports to the MA/JS have to be forwarded by the LP, and the present document shall be amended in compliance with the Article 15 (3) of this Agreement.
The LP/PPs are obliged to store the invoices and to keep them clearly traceable in the bookkeeping for the FLC and audit purposes and maintain records of invoices and bodies holding documentation in the audit trail in accordance with Article 140 of CPR Regulation. projects are operating under the State Aid scheme, LP/PPs must maintain detailed records with the information and supporting documentation necessary to establish that all the conditions laid down in the Regulation are fulfilled: in this case the documents shall be retained for ten years after the last aid is granted under the scheme. Art. 19 Assignment, legal succession LP and PPs in exceptional cases and in well-founded circumstances are allowed to assign their duties and rights under this Agreement only after prior written consent of the MA/JS or MC, if applicable in compliance with the procedure specified in the Factsheet n. 6. Where according to national laws the legal personality does not change and where all assets of a PP are taken over so that a deterioration of the financial capacity of the acquiring institution is not to be expected (i.e. in cases of universal succession) prior consent by the programme bodies is not necessary. However, the concerned PP shall submit in due time to the MA/JS via the LP related information together with all documents that are necessary to analyse the legal case. If the MA/JS comes to the conclusion the conditions as stated above are not fulfilled (e.g. in cases of a singular succession), the LP will be informed that a partner change procedure as stated in Art. 15 (2) of this Agreement has to be initiated. In case of assignment or any form of legal succession of any PP, the PP concerned is obliged to assign all rights and obligations and all project related documents to each and any assignee or legal successor. Related reports to the MA/JS have to be forwarded by the LP, and the present document shall be amended in compliance with the Article 15 (3) of this Agreement.
Partnership_agreement_24082018_revised_clean.docx