Below, is a model agreement which is subject to change depending on the requirements of the specific project between the university and the contractor. At the direction of the university’s business office and UT system, the university may use a different contract template when finalizing the agreement between contractor and the university.
AGREEMENT BETWEEN UNIVERSITY AND CONTRACTOR
This Agreement between University and Contractor ("Agreement") is made and entered
into effective as of (the “Effective Date”), by and between , _________________ _________ The University of Texas at Austin, an agency and institution of higher education organized under
the laws of the State of Texas (“University”), and ,a
University and Contractor hereby agree as follows:
Scope of Work.
The scope of the work ("Work”) is set forth in Exhibit A attached and incorporated for all purposes. The schedule (“Schedule”) for the Work is set forth in Exhibit B attached and incorporated for all purposes.
Upon execution of this Agreement, all services previously performed by Contractor on behalf of University and included in the description of the Work, shall become a part of the Work and shall be subject to the terms and conditions hereof.
Contractor shall obtain and make payment for any and all approvals, licenses, filings, registrations and permits required by federal, state or local law for the performance of the Work.
The Work, as more particularly set forth in Exhibit A, shall be provided in connection with _____________________________________________________ and all other related, necessary and appropriate services (the “Project”).
Time for Commencement and Completion.
The term of this Agreement shall commence on the Effective Date and terminate upon ______________________, ___________________. University shall have the option to renew this Agreement for _______ (___) additional ______ (____) year terms.
It is understood that time is of the essence with regard to this Agreement and that Contractor shall complete all authorized Work to the satisfaction of University in accordance with the Schedule, and in a minimum of time consistent with the highest customs, standards, and practices of Contractor's business or profession. University shall have no obligation to accept late performance or to waive timely performance by Contractor.