Originator: Vice President and General Counsel
Subject: UMGC Policy on Signature Authority
Applicability
This Policy applies to all contracts, procurements and other agreements, which may or will result in a contractual relationship between ÐÒ¸£±¦µ¼º½ and another party. If the employee is unsure whether the contract or agreement applies to the Policy, the employee should contact the Office of Legal Affairs before entering into discussions.
Definitions
"Business Owner(s)" – the employee position(s) at the University that may initiate consideration of an agreement for a particular type of agreement, as reflected in the applicable Contract Review and Maintenance Policy.
"Approver(s)" – the employee position(s) at the University that has the authority to determine whether to move forward with negotiation of an agreement and provide final approval of the terms of the agreement for a particular type of agreement, as reflected in the applicable Contract Review and Maintenance Policy.
"Reviewer(s)" – the department(s) at the University that is responsible for reviewing the terms of the agreement, negotiating the terms with the other party and receiving approval from the Approver(s) of the terms of the agreement for a particular type of agreement, as reflected in the applicable Contract Review and Maintenance Policy.
"Signatory" – the employee position(s) at the University that has the authority to sign an agreement for a particular type of agreement, as reflected ´¡±è±è±ð²Ô»å¾±³æÌý´¡.
"Custodian" – the department(s) at the University that is responsible for storing and maintaining the fully executed version of the agreement for a particular type of agreement, as reflected in the applicable Contract Review and Maintenance Policy.
Approval/Signature Authority
The President has the authority to enter into contracts and cooperative agreements pursuant to Md. Ed. Code. Ann § 12-109 (d)(9).
The President has delegated that authority in accordance with the attached ´¡±è±è±ð²Ô»å¾±³æÌý´¡.
´¡±è±è±ð²Ô»å¾±³æÌý´¡ will be reviewed and revised annually and shall be maintained in the Office of Legal Affairs.
Contract review and maintenance will be conducted in accordance with the applicable Contract Review and Maintenance Policy.
An employee shall not sign any contract or other agreement without explicit Signature Authority under this Policy.
Delegation of Authority
A Business Owner, Approver, or Signatory may only delegate the authority to take action when the individual will be out of the office on leave, without a delegation by the President.
To temporarily delegate authority while on leave, the Business Owner, Approver or Signatory must notify the Office of Legal Affairs in writing including via email. Legal shall maintain any delegations of authority in its storage system.
To delegate authority on a permanent basis, the Business Owner, Approver or Signatory must request an amendment to this Policy from the President.
Ìý | Current Policy | Prior Policy |
Policy Number | 366.00 | 366.00 |
Date | 11/14/2019 | 3/14/2014 |