Parties correctly identified using legal names. Services to be performed and final work product expected are clearly set forth. For example, no later than the 15th day of the month for services rendered during the preceding month, one invoice at the completion of services and satisfactory submission of the final work product. It is also recommended that final payment be contingent upon receipt of satisfactory final work product.
Term reflects a definite start date and end date.
Note anything over four years requires approval by the Board of Regents. Since consulting contracts are often on a short time frame, an alternative for termination to allow for much shorter notice can be used. Any insurance the consultant may carry is clearly stated and department is satisfied that coverage is adequate for services to be performed. Other standard provisions are included. See Signature Authority and Signature Block for the appropriate signature authority and signature blocks.