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Rgu. ac.uk/policies Contents 1. Policy. 2 1. 1 Why is a contract required 1. 2When is a contract required 1. 4. 3 In general approved contracts will be sent out to the other party ies for signature first before being returned and signed by the University s authorised signatories. The list of authorised signatories for the University is below and also listed at Appendix 1. Authorised signatories for group companies and wholly owned subsidiaries can be found here. 2 or the procedure in 2. 3 is...
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Read the contract thoroughly to understand its terms and conditions.
02
Gather all necessary information and documents related to the contract.
03
Identify the key sections of the contract, such as the parties involved, obligations, payment terms, and termination clauses.
04
Fill in the required information accurately and completely.
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Sign the contract and have it signed by the other party if applicable.
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Who needs contracts policy and procedures?

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Businesses and organizations that engage in legal agreements or transactions with other parties.
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Employers who want to establish clear guidelines and expectations for employees regarding contracts.
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Legal departments or professionals responsible for drafting, reviewing, and enforcing contracts within an organization.
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Individuals or entities involved in complex or high-value contracts, such as those in the real estate or construction industry.
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Government agencies and institutions that require standardized contract policies and procedures.
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Contracts policy and procedures outline the rules and guidelines that govern the creation, negotiation, and management of contracts within an organization.
All employees involved in the contract management process are required to adhere to and file contracts policy and procedures.
Contracts policy and procedures can be filled out by detailing the steps and guidelines for contract creation, negotiation, approval, and monitoring.
The purpose of contracts policy and procedures is to ensure consistency, transparency, and compliance in the contract management process.
Contracts policy and procedures typically include information on contract approval authorities, contract templates, negotiation processes, and contract monitoring mechanisms.
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