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The California State UniversityOFFICE OF THE CHANCELLORContract Services and Procurement 401 Golden Shore, 5th Floor, Long Beach, CA 908024210 5629514590 I Fax 5629514969 www.calstate.eduJuly 17,
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Procurement contracts are legally binding agreements between a buyer and a seller for the purchase of goods or services. They outline the terms and conditions of the procurement process.
Entities such as government agencies, organizations receiving federal funding, and certain businesses involved in public contracts are often required to file procurement contracts.
To fill out procurement contracts, one must provide detailed information about the parties involved, description of goods or services, pricing, payment terms, delivery schedule, and any applicable legal clauses.
The purpose of procurement contracts is to ensure that all parties understand their rights and obligations, establish a clear framework for the exchange of goods or services, and provide legal protection in case of disputes.
Information that must be reported includes the names and addresses of the parties, contract value, descriptions of goods/services, delivery timelines, and payment terms.
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