Contract Policy

Contracts are agreements that create an obligation to do or not to do a particular thing. This policy establishes the process for Loyola University New Orleans personnel to approve, sign and execute contracts committing the University to performance of any act. All contracts entered into by the University, unless specifically excluded by this or another policy adopted by the Board of Trustees, are subject to this policy, including all original contracts, amendments, alterations, modifications, corrections, changes and extensions. All policies in conflict with this policy are hereby superseded to the extent of such conflict.

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