The purposes of the cooperation are as follows:
- to promote interest in the teaching and research activities of the respective institutions, and
- to deepen the understanding of the economic, cultural and social issues environment of the respective institutions.
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.