{"id":1249,"date":"2013-10-15T10:38:16","date_gmt":"2013-10-15T14:38:16","guid":{"rendered":"http:\/\/carleton.ca\/facts\/?page_id=1249"},"modified":"2023-08-02T09:16:34","modified_gmt":"2023-08-02T13:16:34","slug":"contract","status":"publish","type":"page","link":"https:\/\/carleton.ca\/facts\/glossary\/c\/contract\/","title":{"rendered":"Contract"},"content":{"rendered":"<h3>What is it?<\/h3>\n<p>A Contract is <strong>any document<\/strong> that creates a <strong>binding, legal<\/strong> relationship between the university and one or more third parties.\u00a0 There are many different categories of Contracts, including purchase, research proposals, research, general, insurance, gift agreements, construction, and employment.<\/p>\n<p><em>What you need to know BEFORE you begin Contract negotiation.<\/em><\/p>\n<ul>\n<li>The <a href=\"https:\/\/carleton.ca\/secretariat\/policies\/\">Procurement Policy<\/a> guides the acquisition of any good or service made for teaching, research, administrative duties or any other related university operations. <a href=\"https:\/\/carleton.ca\/facts\/financial-administration-policies\/procurement-policy\/\">Watch the \u2018Procurement Policy 101\u2019 video to learn more!<\/a><\/li>\n<li>The <a href=\"https:\/\/carleton.ca\/secretariat\/policies\/\">Signing Authority policy<\/a> outlines who can bind the university Contractually (i.e. sign a Contract). <a href=\"https:\/\/carleton.ca\/facts\/financial-administration-policies\/signing-authorities-policy\/\">Watch the Signing Authority policy videos to learn more!<\/a><\/li>\n<\/ul>\n<h3>Why is this important?<\/h3>\n<ul>\n<li>If you haven\u2019t followed the procurement process BEFORE Contract negotiation, you may be required to restart the process and discontinue your relationship with the <a href=\"https:\/\/carleton.ca\/facts\/glossary\/v\/vendor\/\">vendor<\/a>.<\/li>\n<li>Signing a Contract where you don\u2019t have the authority could expose the university to significant risk and liability.<\/li>\n<\/ul>\n<h3>Where do I find more information?<\/h3>\n<p>For more information, visit the <a href=\"https:\/\/carleton.ca\/secretariat\/policies\/\">University Policies<\/a> site (Procurement Policy, Signing Authorities Policy), or email <a href=\"&#109;&#x61;&#105;&#x6c;&#116;&#x6f;&#58;&#x50;r&#x6f;c&#x75;r&#x65;m&#101;&#x6e;&#116;&#x53;&#101;&#x72;&#118;&#x69;&#99;&#x65;&#64;&#x63;a&#x72;l&#x65;t&#111;&#x6e;&#46;&#x63;&#97;\">&#x50;&#x72;&#x6f;&#x63;&#117;&#114;&#101;me&#x6e;&#x74;&#x53;&#x65;&#x72;&#118;&#105;&#99;es&#x40;&#x63;&#x61;&#x72;&#x6c;&#101;&#116;&#111;n&#46;&#x63;&#x61;<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is it? A Contract is any document that creates a binding, legal relationship between the university and one or more third parties.\u00a0 There are many different categories of Contracts, including purchase, research proposals, research, general, insurance, gift agreements, construction, and employment. What you need to know BEFORE you begin Contract negotiation. The Procurement Policy [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"parent":47,"menu_order":131,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_mi_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":"","_links_to":"","_links_to_target":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Contract - Financial Administration Community Training &amp; Solutions<\/title>\n<meta name=\"description\" content=\"What is it? A Contract is any document that creates a binding, legal relationship between the university and one or more third parties.\u00a0 There are many\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/carleton.ca\/facts\/glossary\/c\/contract\/\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/carleton.ca\/facts\/glossary\/c\/contract\/\",\"url\":\"https:\/\/carleton.ca\/facts\/glossary\/c\/contract\/\",\"name\":\"Contract - Financial Administration Community Training &amp; Solutions\",\"isPartOf\":{\"@id\":\"https:\/\/carleton.ca\/facts\/#website\"},\"datePublished\":\"2013-10-15T14:38:16+00:00\",\"dateModified\":\"2023-08-02T13:16:34+00:00\",\"description\":\"What is it? A Contract is any document that creates a binding, legal relationship between the university and one or more third parties.\u00a0 There are many\",\"breadcrumb\":{\"@id\":\"https:\/\/carleton.ca\/facts\/glossary\/c\/contract\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/carleton.ca\/facts\/glossary\/c\/contract\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/carleton.ca\/facts\/glossary\/c\/contract\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/carleton.ca\/facts\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Glossary\",\"item\":\"https:\/\/carleton.ca\/facts\/glossary\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"C\",\"item\":\"https:\/\/carleton.ca\/facts\/glossary\/c\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Contract\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/carleton.ca\/facts\/#website\",\"url\":\"https:\/\/carleton.ca\/facts\/\",\"name\":\"Financial Administration Community Training &amp; Solutions\",\"description\":\"ÐÓ°ÉÔ­´´ University\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/carleton.ca\/facts\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Contract - Financial Administration Community Training &amp; Solutions","description":"What is it? A Contract is any document that creates a binding, legal relationship between the university and one or more third parties.\u00a0 There are many","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/carleton.ca\/facts\/glossary\/c\/contract\/","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/carleton.ca\/facts\/glossary\/c\/contract\/","url":"https:\/\/carleton.ca\/facts\/glossary\/c\/contract\/","name":"Contract - Financial Administration Community Training &amp; Solutions","isPartOf":{"@id":"https:\/\/carleton.ca\/facts\/#website"},"datePublished":"2013-10-15T14:38:16+00:00","dateModified":"2023-08-02T13:16:34+00:00","description":"What is it? A Contract is any document that creates a binding, legal relationship between the university and one or more third parties.\u00a0 There are many","breadcrumb":{"@id":"https:\/\/carleton.ca\/facts\/glossary\/c\/contract\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/carleton.ca\/facts\/glossary\/c\/contract\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/carleton.ca\/facts\/glossary\/c\/contract\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/carleton.ca\/facts\/"},{"@type":"ListItem","position":2,"name":"Glossary","item":"https:\/\/carleton.ca\/facts\/glossary\/"},{"@type":"ListItem","position":3,"name":"C","item":"https:\/\/carleton.ca\/facts\/glossary\/c\/"},{"@type":"ListItem","position":4,"name":"Contract"}]},{"@type":"WebSite","@id":"https:\/\/carleton.ca\/facts\/#website","url":"https:\/\/carleton.ca\/facts\/","name":"Financial Administration Community Training &amp; Solutions","description":"ÐÓ°ÉÔ­´´ University","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/carleton.ca\/facts\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"acf":{"banner_image_type":"none","banner_button":"no"},"_links":{"self":[{"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/pages\/1249"}],"collection":[{"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/comments?post=1249"}],"version-history":[{"count":4,"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/pages\/1249\/revisions"}],"predecessor-version":[{"id":7942,"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/pages\/1249\/revisions\/7942"}],"up":[{"embeddable":true,"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/pages\/47"}],"wp:attachment":[{"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/media?parent=1249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}