CFR > Title 15 - Commerce and Foreign Trade > SUBTITLE B—Regulations Relating to Commerce and Foreign Trade > CHAPTER II—NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY, DEPARTMENT OF COMMERCE (parts 200 to 297) > SUBCHAPTER K—NIST EXTRAMURAL PROGRAMS (parts 290 to 297) > PART 295—ADVANCED TECHNOLOGY PROGRAM > SUBPART B—Assistance to United States Industry-Led Joint Research and Development Ventures (§295.20 to §295.25) > 295.23—Dissolution of joint research and development ventures.

295.23—Dissolution of joint research and development ventures.

Upon dissolution of any joint research and development venture receiving funds under these procedures or at a time otherwise agreed upon, the Federal Government shall be entitled to a share of the residual assets of the joint venture proportional to the Federal share of the costs of the joint venture as determined by independent audit.