Award Contract

The activities associated with writing or receiving and reviewing and accepting the contract for products or services. This may include requesting a formal legal review of the contract language by a qualified legal expert.

In general a purchase contract consists of four basic elements:

  • Agreement (offer by Seller and acceptance by Buyer)
  • Terms and Conditions (mutual obligations)
  • Named parties (Seller and Buyer)
  • Language that is legally binding and enforceable

Final acceptance of the contract may be delayed when the terms of the offer differ from the terms of the acceptance (contractual language).


A Memorandum of Understanding generally does not constitute a contract.

Disclaimer: OpenReference does not provide legal advice and OpenReference Initiative is not a law firm. Denied Party List Electronic Signature


S0Strategic Sourcing2S0
S007Award Contract3S007


DPLDenied Party ListDPL
ESIGElectronic SignatureESIG
MOUMemorandum of UnderstandingMOU
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