Who is authorized to sign business contracts such as purchases of goods or services, property leases, etc.?
Any type of document, whether in letter form, standard contract form, memo of understanding form, or otherwise that commits the University to pay another party for goods or services or commits the University to provide goods or services to another, is a contract and may bind the University to its terms. The President of the University of Michigan has overarching authority to bind the University with only a very few limited exceptions found in the Bylaws. However, all others have only the specific authority delegated to them from other sources. While you may have authority to sign payroll documents, HR documents or other items used for internal University administrative matters, this does not necessarily mean that you have authority to sign contracts on behalf of the University. Chapter III of the Regents Bylaws http://www.umich.edu/~regents/bylaws/ says the Executive Vice President and Chief Financial Officer is responsible for executing business contracts between UM and third parties.
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