Legal Contract Approval Form

LEGAL CONTRACT APPROVAL FORM

This Legal Contract Approval Form is submitted by Requesting Party Name: , Requesting Party Department: , to Approving Authority Name: on Submission Date: .

RECITALS

WHEREAS, Requesting Party seeks approval for the proposed contract titled Contract Title: between the Organization and Counterparty Name: effective as of Effective Date: .

WHEREAS, the form, material terms, and financial exposure of the proposed contract are described in the Contract Summary below and attachments submitted with this Form.

WHEREAS, Approving Authority has the delegated authority to approve contracts on behalf of the Organization subject to the terms and conditions of this Form.

NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants contained below, the parties acknowledge and agree to the determinations recorded on this Form.

1. CONTRACT SUMMARY

2. APPROVAL DETERMINATION

After review of the Contract Summary, attached draft contract, and supporting documentation, Approving Authority makes the following determination (check one):

Approved Approved with Conditions Denied

3. REQUIRED REVIEWS AND CHECKS

The following items have been reviewed and either satisfied or identified for remediation. Check each applicable review and provide short notes.

Yes Pending

Yes No

4. CONDITIONS TO APPROVAL

Approval is expressly conditioned upon fulfillment of the items listed below. Failure to satisfy conditions prior to execution will render this approval void.

5. AUTHORITY TO EXECUTE

Upon satisfaction of any conditions set forth in Section 4 and completion of required reviews, Authorized Signatory may execute the final contract. The signature of the Authorized Signatory will bind the Organization to the terms of the executed contract, provided such execution is within the scope of the Organization's delegated authority and any applicable board or committee approvals.

6. REPRESENTATIONS AND WARRANTIES

Requesting Party represents and warrants that: (a) the information supplied on this Form and accompanying materials is true, complete and accurate to the best of Requesting Party's knowledge; (b) funds or authority necessary to perform the Organization's obligations under the proposed contract have been identified; and (c) there are no undisclosed material obligations that would conflict with the Organization's performance.

7. NOTICES

8. AMENDMENTS, WAIVER, COUNTERPARTS

This Form may be amended only by a written instrument signed by the Approving Authority and the Requesting Party or their authorized delegates. No failure or delay in exercising any right constitutes a waiver unless a writing so states. This Form may be executed in counterparts, each of which constitutes an original and all of which constitute one instrument.

9. GOVERNING LAW; SEVERABILITY; ENTIRE AGREEMENT

This Form and any disputes arising out of it shall be governed by the internal laws of the governing_state specified below without regard to conflict-of-law principles. If any provision of this Form is determined to be invalid or unenforceable, the remaining provisions shall continue in full force and effect. This Form, together with the referenced Contract Summary and attachments, constitutes the entire understanding between the parties with respect to the subject matter herein.

10. REQUESTING PARTY CERTIFICATION

By signing below, Requesting Party certifies that the representations in Section 6 are true, that the contract materials provided to Approving Authority are complete and accurate, and that Requesting Party will ensure that all conditions precedent to execution are satisfied if approval is granted.

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