All contracts entered into between the College and an individual or organization, whether to provide a service to the College or receive a service from it, must be signed by the President or his/her designee prior to formal commitment. The Vice President for Finance and Administration serves as the President's designee for all contracts. A contract is a legally enforceable agreement between the College and another party whether or not it is entitled "contract". See the procedure for examples of contracts and exceptions to this policy.
Individuals who enter into contracts without the requisite authority may be personally liable for the obligations assumed under such agreements and may also be subject to disciplinary action, up to and including termination.
Before CPTC enters into an agreement or contract with an individual or organization, whether to provide a service to the college or receive a service from it, the Vice President for Finance & Budget must review the agreement/contract language for appropriateness to CPTC programs, fiscal and legal ramifications, potential liability issues, etc. The President will not sign an agreement or contract if the Vice President for Finance & Budget has not reviewed the documents.