Get the free Contract Review and Approval Form - uthsc

This document is used for reviewing and approving contracts related to services and procurement by the University of Tennessee, ensuring compliance with relevant policies and regulations.

How to fill out contract review and approval

How to fill out Contract Review and Approval Form

1. Obtain the Contract Review and Approval Form from the appropriate department.
2. Fill out the header section with the contract title, date, and parties involved.
3. Provide a brief description of the contract purpose.
4. Attach all relevant documents and supporting materials.
5. Complete the compliance section to ensure alignment with company policies.
6. Indicate any risk factors associated with the contract.
7. Submit the form to the designated approver for review.
8. Follow up with the approver for feedback or necessary revisions.
9. Once approved, retain a copy for records and distribute as needed.

Who needs Contract Review and Approval Form?

1. Any employee or department entering into a contractual agreement.
2. Legal and compliance teams for ensuring adherence to regulations.
3. Finance department for budget and financial implications review.
4. Management for oversight and final approval of major contracts.

People Also Ask about

What is an example of a contract approval process?

Example: Step 1) The person requesting the contract completes section A and emails it to the approver. Step 2) The approver reviews it and approves or rejects the request (recording their decision on the form). Step 3) If approved, the form is sent on to the relevant team(s) to setup the Supplier & Contract.

What is a contract approval form?

Contract approval is the formal authorization process by which a contract is reviewed, evaluated, and approved by authorized individuals or entities within an organization. It involves ensuring that the contract aligns with internal policies, legal requirements, and business objectives before it is executed.

What is the contract review and approval policy?

A policy on requesting in-house counsel to review or prepare a contract and obtaining the organization's internal approval of the contract.

What is a contract review form?

During contract review, the document will be examined to confirm that it contains all the elements of a contract, that everything is stated clearly and accurately, without errors or discrepancies, free of potential conflicts, and important, with acceptable terms to help the parties avoid getting locked into an

For pdfFiller’s FAQs

What is Contract Review and Approval Form?

The Contract Review and Approval Form is a document used to evaluate and authorize contracts before they are finalized and signed. It ensures that all terms and conditions are reviewed for compliance and risk management.

Who is required to file Contract Review and Approval Form?

Typically, anyone who is entering into a contractual agreement on behalf of an organization, such as employees in legal, procurement, or management roles, is required to file the Contract Review and Approval Form.

How to fill out Contract Review and Approval Form?

To fill out the form, provide specific details about the contract such as the parties involved, the scope of work, payment terms, and any relevant compliance or legal considerations. Ensure all required signatures are obtained before submission.

What is the purpose of Contract Review and Approval Form?

The purpose of the Contract Review and Approval Form is to standardize the contract review process, reduce legal risks, ensure compliance with policies, and facilitate communication among stakeholders regarding contract terms.

What information must be reported on Contract Review and Approval Form?

The form must report essential information including the contract title, involved parties, contract duration, financial terms, scope of services, and any legal ramifications or regulatory requirements.