A subaward/subcontract is a specific type of:

A subaward or subcontract is indeed categorized as a specific type of third-party agreement. This designation arises from the nature of the relationship established through a subaward or subcontract, which involves one organization (the prime recipient) transferring a portion of the funded work to another entity (the subrecipient) to carry out specific tasks or functions that contribute to the overall project.

In the context of research and funding, a third-party agreement typically refers to any agreement where the contractual obligations and rights involve parties outside of the primary entity managing the funding. Therefore, when a prime recipient issues a subaward to a subrecipient, that subaward forms a third-party relationship that is integral to the main contract, allowing the subrecipient to receive funds and carry out specified work that aligns with the terms set by the original funding source.

Other types of agreements listed do not accurately represent the characteristics of subawards/subcontracts. A binding agreement is a general term that applies to any contract that holds legal force, while a research agreement focuses specifically on research-related collaboration and may not involve transferring funds or responsibilities as a subaward does. Similarly, a two-party agreement is simply a contract between two entities but does not capture the nature of the relationship in a subaward scenario, which inherently