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Bylaws of Troubled Times, Inc.
a Nonprofit Public Benefit Corporation
Article 9: Grants
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All potential grant recipients must sign a binding agreement that any copyrights or Trademarks on any products that might ensue from the efforts funded under the banner of Troubled Times, Inc. will belong solely to the corporation, Troubled Times, Inc. No grant request may be submitted on paper to any agencies or foundations or potentially funding parties until board approval has been received. No grant recipient may have their grant proposal reviewed or approved by the board until the binding agreement has been signed.
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Disbursement will not occur unless and until a binding agreement stating that any copyrights, patents, or trademarks to ensure from such a project funded by the corporation will be owned solely by the corporation. If such a binding agreement was not secured when the grant request was approved by the board, due to additional or alternative recipients being funded, then such binding agreement must be secured before any distribution of funds can occur.