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The individual initiating the contract on behalf of the College (the initiator) and subsequent reviewers are responsible for reading the entire contract and determining that its content, objectives, definitions, and terms:
In addition, contract initiators are responsible for ensuring that contracts:
Levels of risk exist in all contracts. A key responsibility of the contract initiator and subsequent reviewers is to assess the institutional risk of a contract. If a contract initiator is concerned about risks being assumed by the college under the terms of the contract, the contact initiator should contact the risk manager or other appropriate staff (see Getting Help).
All contracts must be signed by both parties. Individuals whose titles appear in the signatory authority section of the policy are authorized to sign contracts on behalf of the College up to the dollar amounts specified.
The contract signer is responsible for:
See How to Manage Contracts for more details.