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Agenda Item: F.10.a
Page 1 of 6
Board Meeting Date: 10/23/19
Consent: Keyboard OF EDUCATION
CONTRACT ABSTRACTBoard Meeting Date:
Name of Vendor:
Purpose/Scope:Expected Outcomes:
Is this a MultiYear
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What is length of term?
Length of term refers to the time frame specified for a particular contract, agreement, or obligation, indicating how long it is valid.
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Typically, entities or individuals who enter into contracts or agreements that require formal documentation are required to file a length of term.
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To fill out length of term, provide the start date and end date of the contract or agreement, along with any relevant details or clauses regarding renewal or termination.
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The purpose of length of term is to clearly define the period during which the terms of the contract are valid and enforceable, preventing misunderstandings.
What information must be reported on length of term?
Information that must be reported includes the start date, end date, any conditions for renewal or extension, and parties involved.
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