The University of West Florida is a public institution of higher education with authority to enter into contracts and agreements that are necessary to meet the mission and priorities of the University. As a public body corporate, the University is subject to legal and ethical requirements and restrictions that affect its ability to accept certain contract terms. The purposes of this policy are to ensure that: (a) University Contracts are reviewed and executed following the appropriate University procedures; (b) risks associated with University Contracts are analyzed at the appropriate level; and (c) business units have the tools, resources, and signatory authority needed to assess risk and enter into contracts that best serve the University. This policy is intended to provide direction regarding when review by the Office of the General Counsel (OGC) is required before entering into a contract. This policy defines the general parameters through which a University Contract might be created. This policy applies to all University contracts as defined below and all individuals involved in the review or execution of University contracts. Regardless of any other language in this policy, a unit always may request that the OGC review or assist with forming a contract, terminating a contract, or interpreting a contract. Nothing herein should be construed that a unit may not enlist the assistance of the OGC. | 