Required Contract Clauses
The only clause that is required in all contracts is the correct identification of the College:
The College shall be identified as The Trustees of Mount Holyoke College in all agreements and contracts. Departments and individuals may not contract in their own name on behalf of the College, but must identify the College as the contracting party. (The department may be identified in the agreement as the office though which the contract is being made.) The official College address is 50 College Street, South Hadley, MA 01075 in all contracts and agreements.
There are no other clauses that are required in all contracts; every contract is unique. However, in most contracts the College requires an Indemnity Agreement and an Insurance Clause (see ABC Contract Clauses). The indemnity clause sets forth the legal foundation for another entity to be liable to the College for any action of the entity that brings a claim to the institution. The insurance clause, or the insurance in place because of this requirement, provides some guarantee that the entity will have the financial wherewithal to meet their indemnity obligations, if any should arise. Changes to the clauses should be made only after review by the risk manager or other legal counsel.
The most common exceptions to this standard are 1) invited speakers and 2) small professional services directly related to personal scholarship activities, such as hiring a book editor, indexer, translation or transcription services, analysis services, requisition of instruments or equipment, or small immediate repairs to instruments or equipment that the person hiring the services has budget authority for through his/her grants, research accounts, or faculty fellowship. However, an indemnity agreement and insurance clause should be used if the equipment to be repaired or serviced is on campus and the work is potentially hazardous. If the contracting party has any questions, the Risk Manager should be consulted.