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U of A Policies and Procedures Online (UAP POL)Approval Date: March 15, 2005, Most Recent Approval Date: March 19, 2015, Parent Policy: Contract Review and Signing Authority PolicyContract Review
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What is contract review procedure?
The contract review procedure is a process of analyzing and evaluating a contract before it is signed to ensure that it complies with all relevant laws and regulations.
Who is required to file contract review procedure?
Typically, legal and compliance departments within organizations are responsible for conducting and documenting contract review procedures.
How to fill out contract review procedure?
Contract review procedures can be filled out by following a specific checklist or template provided by the organization. It involves reviewing the terms of the contract, assessing potential risks, and making recommendations.
What is the purpose of contract review procedure?
The purpose of contract review procedure is to mitigate legal and financial risks, ensure compliance with laws and regulations, and protect the interests of the organization.
What information must be reported on contract review procedure?
Information that must be reported on a contract review procedure includes details of the contract, identified risks, recommended actions, and approval signatures.
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