CMP-0300 Contracts and Agreements
Description |
Consists of agreements and contracts entered into by UOIT and all schedules, appendices or amendments necessary to interpret them. Also includes records used to track contract and clause end dates. For materials related to the development of contracts, see: CMP-0320 Agreement Development and Negotiations. Some contracts and agreements deemed material by the General Counsel need longer retention. See CMP-0310 Material Contracts and Agreements |
Retention Trigger |
End of agreement and all survival clauses |
Retention |
Trigger + 7 years |
Responsible Unit(s) |
Originating Unit |
Source |
|
Records System |
Hybrid |
Citations |
|
Record Authority |
University Secretary and General Counsel |
Disposition |
Secure destruction |
Records Arising from Activity |
|
Retention Rationale |
Contracts with financial obligations may be required for income tax purposes for up to 7 years after they end. |
Personal Information |
No |
Vital Record |
Yes |
Protection |
Medium |
