Contracts and Insurance FAQS
Contracts Questions
The type of contract you require depends on what you want to do.
| What do you want to do? | Type of Contract Required? |
|---|---|
| Buy a service | Fee for Service Contract |
| Buy a good | Discuss with Procurement Services |
| 秀色短视频 to provide a service to an external party | Service Contract |
| Research or research-related activities and funding | Research Contracts |
| Funding from an external party |
|
| Assignment an employee from an organization to 秀色短视频 (or vice versa) for a specific period of time | Secondment Agreement |
UNIVERSITY OF PRINCE EDWARD ISLAND, a body politic and corporate established pursuant to the University Act, R.S.P.E.I. 1974, Cap. U-4, having its head office in Charlottetown, Province of Prince Edward Island.
Yes, the University is incorporated by an act of the Legislature of the Province of Prince Edward Island, Canada, under and pursuant to the University Act, R.S.P.E.I. 1974, Cap. U-4.
The University's official legal name is "The 秀色短视频". This full title should be used when referring to the University on documents, contracts or agreements. Contracts should not be made in the name of individual departments or faculties or in an employee or student鈥檚 name.
All contractual obligations of the University must be signed by in accordance with the . The following table provides an outline of what contractual obligations specific positions can sign.
| Position | Contractual Obligations | Policy Ref |
|---|---|---|
| One Official Signing Officer | Contracts valued at up to $100,000 | s. 5.1 |
| Two Official Signing Officers | Contracts valued over $100,000 | s. 5.5 |
| Designated Signing Authority |
In accordance with the Signing Authority Policy and set out in individual a Designation of Signing Authority Agreement.
|
s. 5.4 |
| Associate Vice President , Human Resources and Legal |
|
s. 5.2 |
| Procurement Officer (now Manager of Procurement Services) |
|
s. 5.3 |
IMPORTANT - If you've been asked to sign a contract on behalf of the university or if your name is listed on a contract, please contact the Contracts and Insurance Office for advice on whether you are permitted to sign. Signing a contract in the name of the University without authorization can expose you to personal liability. Signing a contract in your own name binds you personally to the contractual obligations.
In accordance with Section 4.1 of the Signing Authority Policy, the following positions are defined as Official Signing Officers:
- Chair of the Board of Governors
- President
- Vice-President, Administration and Finance
- Vice-President, Academic and Research (formerly the Vice-President, Academic and the Vice-President Research and Graduate Studies
- Comptroller
The University has developed standardized templates for contracts to expedite the contract process for certain frequently contracted services. Some departments and faculties have also worked with the Contract and Insurance Office to develop Standard Agreements or Contracts 鈥� these are Unit specific Standard Contracts. The wording in these documents cannot be changed without prior approval from the Contracts and Insurance Office. The contract drafter can only fill in the required information in the blank fields provided. A list of Standard Contracts can be found on the Standard Contract Template page.
An agreement with the University where a business, individual or agency agrees to provide a service to the University in return for monetary compensation. The contract describes in detail the nature, duration, and description of the services provided as well as compensation for the services.
An agreement in which 秀色短视频 is contracted to provide a service for an individual, business or agency, and in return, 秀色短视频 will receive monetary compensation.
A Secondment Contract is an arrangement made between 秀色短视频 and another employer, detailing the temporary transfer of an employee from his or her duties.
MOUs are non-binding statements of goodwill or partnerships between two or more parties. Any specific initiatives arising from MOUs should be subject to more formal and binding agreements. There should be no monetary value.
Insurance Questions
The University carries various types of insurance including property, commercial general liability, errors and omissions, automobile, and machinery breakdown. If you have any coverage questions please reach out to the C&I Office.
Please go to Certificates of Insurance and fill out the Certificate of Insurance Request Form.
The Contracts and Insurance Office makes every attempt to action Certificate of Insurance requests as soon as possible and aims to maintain a five (5) business day turnaround. However, since our certificates are issued by our insurer there may be delays that we cannot avoid. You can avoid delays in the receipt of your Certificate of Insurance by providing complete and accurate information on the Certificate of Insurance Request Form.
No. Your personal automobile insurance policy is considered primary and would respond to any claims arising from accidents regardless of the fact that it was on University business. The University insurance policies do not provide coverage for personally owned vehicles. Please review the .
Yes. If you are using your vehicle for University business, particularly if it is more than on an infrequent basis, your vehicle would need to be "rated" for business use. What this means is that the insurance company needs to collect the correct premium for the use of the vehicle. Otherwise, the insurance company may say that you have misrepresented the use of the vehicle. Please review the .
