legal review of CONTracts
The University of North Texas System Rules of the Board of Regents (“Regents Rules”) set forth the System-wide policy regarding legal review of contracts and agreements. Regents Rule 03.906 exempts certain contracts from individualized legal review, and is essentially in two parts: (1) an exemption from individualized legal review for approved standard form agreements, and (2) an exemption from legal review for contracts and agreements that meet criteria published annually by the Office of General Counsel (“Criteria for Exemption”). Annual revision and publication of the Criteria for Exemption will provide flexibility to the institutions and to the System Administration by allowing modifications that may expand or retract the scope of the Criteria for Exemption as appropriate, without seeking additional Board of Regents approval. The Board of Regents and the Chancellor, as well as the Presidents and their administrations will be provided an opportunity to review and consider the Criteria for Exemption annually prior to its publication and implementation.
| 03.905 | Legal and Administrative Review. All contracts must be approved as to form by the Office of General Counsel before execution, unless exempt under this Regents Rule. |
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| 03.906 | Exemption from Legal Review. In his or her sole discretion, the Vice Chancellor and General Counsel may exempt from individualized legal review: |
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| 1. | contracts prepared on forms developed by the Office of General Counsel and approved in writing by the Office of General Counsel for use without individualized legal review that have a total value of less than $100,000; |
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| 2. | contracts prepared on forms not developed by the Office of General Counsel, but that are approved in writing by the Office of General Counsel for use without individualized legal review that have a total value of less than $100,000; and | |
| 3. | other contracts as stated in the Criteria for Exemption issued in writing by the Office of General Counsel. |
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Click to view full text of Regents Rule 03.900
Click to view FY 2008 Criteria For Exemption From Legal Review