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Standard Contracts
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Standard
contracts are forms approved by the Board of Regents
or the Office of General Counsel pursuant to UT System Policy UTS145. Using
a standard contract form will expedite UT System review and approval. OGC review
is unnecessary unless substantive changes have been made in the new agreement.
A standard contract form may be executed prior to submitting it to UT System for
review and approval.
A
standard contract may be used Systemwide or it may be applicable to only one
institution. Criteria
for standard contract designation include:
- Repeated
use of the form. Unless the form is to be used more than a few times, the standard
contract designation is not necessary
- No
substantive changes. If the form is changed or is likely to be changed in a substantive
way, it is not suitable for "standard contract" designation. Changes
in the names of parties, amount of consideration, date, and term are examples
of "non-substantive changes."
- Prior
approval of the same or similar forms by OGC and the appropriate Executive Vice
Chancellor of UT System.
- Request
to OGC for designation as a standard contract with an electronic copy of the proposed
form, preferably with blanks in those parts of the agreement that would be subject
to change, i.e., names, date, consideration, term.
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