Payment Terms for Industry Sponsors

Institutional Fees - The following fees are typically paid for by the clinical research industry sponsors:
Payment Terms
  • Industry sponsored payments are expected at least quarterly
  • No more than 10% withholding of study visit payments accepted are to be included in the final study payment
  • Institutional fees are non-negotiable and payable within 45 days of Sponsor/CRO receipt of invoice
  • IRB approval may be withdrawn due to non-payment of IRB fees in the defined time frame
  • Other study invoiceable items are payable within 30 days of Sponsor/CRO receipt of invoice
  • IRB study closure will occur after receipt of all payments

Chancellor's Memorandum CM-24 (Indirect Cost for Industry Sponsored and Private Donor Sponsored Research Agreements)

 

Please contact CTMT@lsuhsc.edu for questions regarding payment terms.