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Definitions

Contract — Any agreement which creates an obligation upon or affects the rights of the University, the provisions of which are legally binding. Examples of University contracts include: research contracts and agreements; agreements for the purchase or rental of goods or services; nondisclosure agreements; agreements that set terms for acceptance for gifts; a sale, lease, or donation of University goods or services; liability waivers/releases; licenses; student or faculty exchange agreements; memoranda/letters of understanding or cooperation; contracts with hotels, convention centers or other facilities or other types of agreements which require a written agreement; instructional agreements; assignment of the right of a person, group, or agency to use the University's name, logo or resources; etc. The above list is not all-inclusive.

Contract Negotiating Authority — The position that has been given authority by the appropriate Vice-President to negotiate the terms of a contract.

Contract Signing Authority — The position that has been delegated the authority from the Board of Regents to sign a contract.

Unit — Academic or administrative unit as defined in the University Calendar.

University — Memorial University of Newfoundland.

Procedures:

There are no procedures associated with this policy.