Signatory Authority Policy
The Signatory Authority Policy, also known as the Signatory Delegation Policy, is designed to be a clear and uniformly-followed policy regarding authority to execute contracts on behalf of Rutgers, The State University of New Jersey, and all legal entities under its control (collectively, “Rutgers”) with outside persons and entities. It is required that individuals follow this policy to minimize financial, legal, and related risks and to ensure that appropriate fiscal and management controls are in place for the betterment of the institution.
The primary reasons for this policy are to:
- identify those individuals with signatory authority;
- set forth the university’s expectations of individuals who sign contracts on its behalf;
- establish a signatory authority delegation procedure; and
- highlight certain provisions of existing University policy that must be considered prior to the execution of any contract.