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Update agreements/project-contribution/terms-and-conditions.md
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Co-authored-by: Cesar <cealsair@gmail.com>
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ebullient and cealsair authored Jan 13, 2025
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Expand Up @@ -198,7 +198,7 @@ Projects must submit expense reports (with receipts and documentation) through t

All expenses must be approved by the Sponsor to ensure they are valid and in alignment with the Sponsor's tax-exempt purposes under the terms of this agreement before disbursement.

Upon approval by the Sponsor, the Sponsor will reimburse those expenses (from the Project's restricted fund) through the Platform using a mutually agreed payment option.
Upon approval by the Sponsor, the Sponsor will reimburse those expenses (from the Project's restricted fund) minus Administrative Fees, through the Platform using a mutually agreed payment option.

The Project must work with the Sponsor to ensure financial records are accurate, including management/reconciliation of funds received or expenses paid using mechanisms other than the Platform.

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