What is a contract?
A contract is an agreement between the University and another party (or parties) that creates an obligation to do, or to refrain from doing, a particular thing in exchange for something of value or that incurs a financial commitment of university funds. The contract clearly spells out the terms of the agreement, without ambiguity, and is signed by representatives of both parties that have the proper authority to enter into the agreement.
Examples of Common University Contracts
- Agreements to buy goods or obtain professional services
- End User License Agreements (EULAs)
- Signed quotes*
- Maintenance agreements
- Software license agreements
- Memoranda of Understanding
- Consulting agreements
- Speaker agreements
- Entertainment agreements
- Clinical affiliations
- International program agreements
Note! All contracts, including renewals and some EULAs, should be submitted, unsigned, to email@example.com, for review. Appropriate signature authority will be determined during the Contract Review Process.
Still not sure if what you have is a contract?
Contact us at 740.351.3265, send an email to firstname.lastname@example.org, or stop by our office in the Finance and Administration Suite, on the first floor of the Administration Building, next to the President’s Office, We're happy to answer any questions you may have.
*Hint: On preprinted quotes, watch for the words “terms and conditions” and references to other documents.