Legal aspects

The contractual relationship between the new entrepreneur (NE), the host entrepreneur (HE) and the intermediary organisations (IOs) involved consists of two main elements:

• A “Commitment to Quality” signed by the four parties (the NE, the HE and the two IOs involved) setting out the conditions for the stay abroad (i.e. work plan, tasks, responsibilities, deliverables, financial conditions, legal implications, etc.);

• An agreement between the NE and the IO to which the NE applied (normally in the country of residence of the NE), under which funding can be disbursed to the NE. This agreement specifies the tasks, responsibilities, financial conditions and legal implications of the project within the agreed timetable; annexed to this agreement are the detailed business plan, the work/learning project for the NE's stay abroad, the aims and objectives, activities, outputs, and time-schedules.

The IO to which the NE has applied is responsible for disbursing financial support to the NE according to the terms set out in the agreement. The IO to which the HE submitted his or her offer to host an NE is responsible for facilitating the relationship at the location of the stay abroad.