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Policy VIII-3.02 UMGC Policy on Contract Review and Maintenance Procedures

Policy CategoryPolicy OwnerVersion Effective DateReview CycleLast ReviewedPolicy 91直播
VIII. Fiscal and Business AffairsSVP, General Counsel, and Chief People OfficerJanuary 27, 2025Every 5 yearsJanuary 27, 2025Office of Legal Affairs
  1. Applicability

    These Procedures apply to all contracts, agreements, procurements, or memorandums of understanding ("MOUs") which may result in a contractual relationship between UMGC and another party (referred to herein as an "agreement").

  2. Definitions
    1. Business Owner(s): Employee position(s) at the 91直播 that may initiate consideration of an agreement for a particular type of agreement, as reflected in聽础辫辫别苍诲颈虫听础.
    2. Approver(s): Employee position(s) at the 91直播 that has the authority to determine whether to move forward with negotiation of an agreement and provide final approval of the terms of the agreement for a particular type of agreement, as reflected in聽础辫辫别苍诲颈虫听础.
    3. Reviewer(s): Department(s) at the 91直播 responsible for reviewing the terms of the agreement, negotiating the terms with the other party, and receiving approval from the Approver(s) of the terms of the agreement for a particular type of agreement, as reflected in聽础辫辫别苍诲颈虫听础.
    4. Signatory: Employee position(s) at the 91直播 that has the authority to sign an agreement for a particular type of agreement, as reflected in聽UMGC Policy VIII-3.01 Policy on Signatory Authority听补苍诲听础辫辫别苍诲颈虫听础. If there is a discrepancy between the Policy and the attached schedule, the Policy shall prevail.
    5. Custodian: Department(s) at the 91直播 that is responsible for storing and maintaining the fully executed version of the agreement for a particular type of agreement, as reflected in聽础辫辫别苍诲颈虫听础.
    6. Legal: Office of Legal Affairs.
    7. Procurement: Office of Procurement.
    8. Foundation: The USM Foundation.
    9. DPO: the 91直播鈥檚 Data Protection Officer.
    10. CMS: Contract Management System
  3. Review Process
    1. Contract Review Request
      1. 础辫辫别苍诲颈虫听础聽sets forth the Business Owner(s), Approver(s), Reviewer(s), Signatory, and Custodian for each particular type of agreement. If the Business Owner is unsure as to which type of agreement applies, the Business Owner shall contact the UMGC Office of Legal Affairs for guidance.
      2. When a Business Owner would like to pursue an agreement with another party, the Business Owner shall review聽础辫辫别苍诲颈虫听础聽to determine the Reviewer.
        1. If Procurement is the Reviewer, the Business Owner shall follow the . 91直播 the UMGC Office of Procurement with any questions.
        2. If the Foundation is the Reviewer, the Business Owners shall follow the Foundation directions set forth at
        3. If Legal is the Reviewer, the Business Owner shall follow the review process set forth in聽Appendix B, including completion of聽Appendix C, the Contract Term Sheet,听Appendix D,听Appendix E, or into any applicable Contract Management System (CMS) when available.
  4. Related Policies, Procedures, and Resources
    1. Appendix A
    2. Appendix B
    3. Appendix C
    4. Appendix D
    5. Appendix E
    6. UMGC Policy on Signature Authority